Record keeping chapter 12
- 1. Record Keeping Chapter 12Record Keeping for Accounts Payable ClerksChapter 9Jobs 56-60
- 2. Record Keeping for Accounts Payable ClerksGrades for Chapter 12Class work is 40% of overall gradeJob 56 Class work 10 Points
- 3. Job 57 Class work 10 Points
- 4. Job 58 Class work 10 Points
- 5. Job 59 Class work 10 Points
- 6. Job 60 Class work 10 Points
- 7. Chapter 12 Reinforcement Problem 25 PointsQuizzes and Tests are 40% of overall gradeChapter 12 Open Notes Quiz 15 Questions
- 9. 40 Questions Mastery Manager
- 11. What will we be learning in this chapter?How to keep a record of amounts owed to creditors
- 12. How to prepare a schedule of Accounts Payable
- 13. How to use and post a purchases journal
- 14. How to use and post a cash payments journal
- 15. How to use and post a purchases returns and allowances journal
- 16. How to file purchase invoices and credit memosJob 56Keeping Creditor AccountsCreditorsPeople or businesses to whom your company owes money.Accounts Payable LedgerGroup of creditor accountsCompare to AR LedgerPurchase on AccountWhen your company buys merchandise on credit from another company.Schedule of Accounts PayableA list of what creditors are owed.
- 17. Accounts Payable Accounts Purchases increase A/PPayments decrease A/PCredit Memos decrease A/PAccounts Payable A/PDR( -) decreaseChecksCredit MemosCR(+) increase( NB) Normal BalancePurchases Invoice
- 18. Job 56ExercisesBuilding Your Business VocabularyPage 454-Text BookProblems 56-1 and 56-4
- 19. Job 57Using a Purchases Journal and an Accounts Payable LedgerPurchases JournalRecords all Purchases of Merchandise on AccountRecords all Purchases from creditors by date.Purchases InvoicePurchases Journal AP Ledger CR
- 20. What are the 6 Steps of Posting?Copy the dateCopy cash or invoice # or Cr. Memo NumberCopy the Journal and Page Number Copy the amountCalculate new balanceCopy account numberSimply go from the left to the right for steps 1-5.Step 6 is showing that you completed steps 1-5.
- 21. Job 57ExercisesVocabularyProblems 57-1 and 57-3
- 22. Job 58Using a Cash Payments Journal and an Accounts Payable LedgerCash Payments JournalRecords all payments of cash to creditorsRecords all payments to creditors by date.Check StubCash PaymentsJournal AP Ledger DR
- 23. Job 59 Using a Purchases Journal, a Cash Payments Journal, and an Accounts Payable LedgerPurchased JournalPurchases Invoice—Source DocumentRecords all purchases of merchandise purchased on accountRecorded as a CR to A/PCash Payments JournalCheck stub—Source DocumentRecords all payments of cash made to creditorsRecorded as DR to A/P
- 24. Job 57 Using a Purchases Journal and an Accounts Payable LedgerPurchases JournalRecords all Purchases of Merchandise on AccountRecords all Purchases from creditors by date.Purchases InvoicePurchases Journal AP Ledger CRCheck StubCash Payments Journal AP Ledger DR
- 25. Job 60Using a Purchases Returns and Allowances Journal and an Accounts Payable LedgerPurchases Returns and Allowances JournalRecords all Returnsof Merchandise to creditorsRecords all allowances given by creditors.Debit Memo—Source DocumentPurchases Returns and Allowances Journal AP Ledger DRSchedule of A/P—Listing of all creditors with a balance due.