Financial Accounting – Subsidiary Ledgers & Special Journals

Downloadable PDF accompanies the instructional video as a supplement, covering AR subsidiary ledgers within the study of financial accounting.

Explore how the accounts receivable subsidiary ledger breaks the general ledger balance into customer records and how AR postings align with the trial balance.

Learn to journalize on account transactions, post to the trial balance, the accounts receivable subsidiary ledger by customer, and the general ledger, within the accounts receivable cycle.

Explain accounts receivable subsidiary ledger mechanics and related journal entries, including posting to the trial balance and general ledger, invoicing clients, and recording cash receipts.

Explore multiple choice questions on special journals, including sales and purchases journals, roles in accounts receivable and accounts payable, and a process of elimination to distinguish cash and credit transactions.

Download a supplementary PDF that accompanies the instructional video on AP subsidiary ledgers and use it as a companion to the lecture materials.

Explore how the accounts payable subsidiary ledger organizes amounts owed by vendor, backing the general ledger and trial balance, and show how to record bills to identify who to pay.

Download the Excel worksheet from the upcoming presentation to practice using Excel for subsidiary ledgers and special journals.

Post accounts payable transactions, reconcile the trial balance with the subsidiary ledger by vendor, and compare general ledger entries by date to track vendor balances and payments.

Learn posting expenses to accounts payable, update the accounts payable subsidiary ledger by vendor, and reconcile the trial balance with the general ledger using debits and credits.

Analyze multiple-choice questions on the accounting information system and special journals, including how AIS collects data from financial events and supports decision making.

Explore the sales journal as a key special journal in manual and automated systems. Practice service and merchandising scenarios via Excel worksheets, videos, and questions.

Downloadable PDF file to accompany the instructional video on the sales journal for a service company.

Record sales on account in a sales journal and post the totals to the general ledger at month end, with customer details kept in the accounts receivable subsidiary ledger.

Access a downloadable pdf that serves as a supplement to the instructional video for this lesson.

Study the purchases journal as a manual-based special journal, compare with automated systems, and practice with formatted Excel worksheets, answer tabs, step-by-step problems, plus multiple choice and discussion questions.

Access a downloadable PDF that serves as a supplement to the instructional video on the 30 purchases journal for a service company.

Learn how a purchases journal records on-account purchases for a service company. See how it updates the accounts payable subsidiary ledger and supports the general journal and trial balance.

Preview an Excel worksheet that we can download in the next presentation to support learning in financial accounting.

Enter monthly purchases into the purchases journal and post to the general journal, general ledger, and trial balance. Break out accounts payable by vendor in a subsidiary ledger.

Access a downloadable PDF that accompanies the instructional video on the purchases journal inventory, providing a supplementary resource for the financial accounting course.

Demonstrate how a merchandising company uses the purchases journal on account to record inventory purchases and post to the accounts payable subsidiary ledger, then prepare one end-of-month general journal entry.

Explore an Excel worksheet designed for financial accounting practice, with a downloadable file to reinforce subsidiary ledgers and special journals.

Master the purchase journal for inventory purchases, and record end-of-month general ledger entries by posting to the subsidiary ledger and accounts payable to generate a trial balance.

Explore multiple choice questions on special journals, including the sales journal and general journal, and compare perpetual versus periodic inventory implications for cost of goods sold and inventory.

Describe the cash receipts journal as a key special journal used in manual and automated systems, including reporting, system comparisons, and practical practice with Excel worksheets, MCQs, and discussions.

The next presentation includes a downloadable Excel worksheet. Use this resource to explore subsidiary ledgers and special journals in financial accounting.

Explore how special journals handle purchases, cash disbursements, and cash receipts, including the role of accounts payable and the accounts receivable subsidiary ledger showing individual customers.

Explore how a service company uses a cash payments journal to record cash outflows, handle various transactions, and consolidate into the general journal, ledger, and trial balance.

Access an upcoming Excel worksheet that will be downloadable in the next presentation to support understanding of financial accounting ledgers.

Master subsidiary ledgers and special journals through CPA-style problems, including purchases, sales, cash receipts journals, discount terms, returns, inventory, accounts payable and accounts receivable.

Explore the complete accounting cycle through an excel-based comprehensive problem. Apply special journals, data entry, adjusting entries, financial statements, and the closing process to support decision making.

Examine the end-of-month adjusting entries to convert an unadjusted trial balance to accrual basis, using a worksheet and journal entries for depreciation, interest, supplies, and unearned revenue.

Close problem by posting closing entries to zero revenue and expenses and transfer net income to capital. Prepare the post-closing trial balance from the adjusted trial balance, and close draws.

This lecture explains classifying transactions into special journals, cash receipts and cash disbursements, and when the general journal applies, with examples like borrowed money, cash sales, and note payments.

Define accounts payable ledger as a subsidiary ledger listing individual vendor accounts, showing what we owe by vendor, when payments are due, and who to pay first.

Define the accounts receivable ledger as a subsidiary ledger listing individual customer accounts that backs up the accounts receivable balance and helps identify who owes money by customer.

A check register is a cash disbursement journal with a check number column that records date, payee, description, amount, and affected accounts to support the general ledger.

Define the cost benefit principle and analyze its role within the accounting information system, weighing costs and benefits of controls, relevance, compatibility, and flexibility to produce useful financial statements.

Define the general ledger as the comprehensive record of all accounts with transaction data, posted from the general journal, enabling the trial balance and financial statements.

Purchase requisition lists items and quantities needed by a department and requests purchase. It moves to the purchasing department to generate a purchase order and supports internal controls with approval.

Define subsidiary ledger as a list of subaccounts with amounts linked to a controlling account in the general ledger, detailing accounts receivable and accounts payable.

Navigate multiple choice questions on which journals fit purchases on account, payments, and sales on account, emphasizing purchases journal, cash disbursements journal, cash receipts journal, sales journal, and general journal.