Chapter 4 Posting to a General Ledger • 55
Study
Guide
4
Name Perfect
Score
Your
Score
Identifying Accounting Terms 8 Pts.
Identifying Accounting Concepts and Practices 21 Pts.
Analyzing Posting from a Journal to a General Ledger 16 Pts.
Total 45 Pts.
Part One—Identifying Accounting Terms
Directions: Select the one term in Column I that best fits each definition in
Column II. Print the letter identifying your choice in the Answers column.
Answers
1.
2.
3.
Column I
A. account number
B. correcting entry
C. file maintenance
Column II
1. A ledger that contains all accounts needed to prepare
financial statements. (p. 94)
2. The number assigned to an account. (p. 94)
3. A group of accounts. (p. 94)
D
A
E
56 • Working Papers
Part Two—Identifying Account Concepts and Practices
Directions: Place a T for True or an F for False in the Answers column to show whether
each of the following statements is true or false.
1. Because an account form has columns for the debit and credit balance of an account, it is often
referred to as the balance-ruled account form. (p. 93)
2. The asset division accounts for Delgado Web Services are numbered in the 200s. (p. 94)
3. The cash account for Delgado Web Services is the first asset account and is numbered 110. (p. 94)
4. The third division of the chart of accounts for Delgado Web Services is the owner’s equity
division. (p. 94)
5. The first digit of account numbers for accounts in the owner’s equity ledger division is 4. (p. 94)
6. The last two digits in a 3-digit account number indicate the general ledger division of the
account. (p. 94)
7. When adding a new expense account between accounts numbered 510 and 520, the new
account is assigned the account number 515. (p. 95)
Answers
1.
2.
3.
4.
5.
6.
7.
TE
T
F
T
T
F
F
T
Chapter 4 Posting to a General Ledger • 57
Name Date Class
Part Three—Analyzing Posting from a Journal to a General Ledger
Directions: In the journal below, some items are identified with capital letters. In the general ledger
accounts, locations to which items are posted are identified with numbers. For each number in a general
ledger account, select the letter in the journal that will be posted to the account. Print the letter
identifying your choice in the Answers column.
GENERAL JOURNAL PAGE A
DATE ACCOUNT TITLE DOC.
NO.
POST.
REF. DEBIT CREDIT
120 – –
Mar. 1 Cash R1 1 5 0 0 00 1
2R. Rosen, Capital 1 5 0 0 00 2
32 Supplies M1 1 5 0 00 3
4Accounts Payable—Casio Office Supplies 1 5 0 00 4
54Prepaid Insurance C1 7 5 0 00 5
6Cash 7 5 0 00 6
7BC D E F G 7
Across
4. A ledger that contains all accounts needed to
prepare financial statements.
5. The term for an additional journal entry when a
transaction has been improperly journalized and
Down
1. A group of accounts.
2. The procedure for arranging accounts in a
general ledger, assigning account numbers, and
keeping records current.
1
2
4
3
1
2
4
3
G
E
G
D
E
L
I
F
ENE
RALL
E
M
P
O
N
I
EDGE
R
Chapter 4 Posting to a General Ledger • 59
Name Date Class
1.
4-1 WORK TOGETHER, p. 97
Preparing a chart of accounts and opening an account
Seville Company
Chart of Accounts
Balance Sheet Accounts Income Statement Accounts
(100) Assets (400) Revenue
110 Cash 410 Sales
120 Accounts Receivable—L. North (500) Expenses
130 Accounts Receivable—Greg Varez 510 Automobile Expense
140 Supplies 520 Insurance Expense
150 Prepaid Insurance 530 Miscellaneous Expense
(200) Liabilities 540 Rent Expense
210 Accounts Payable—Anoka Supplies 550 Supplies Expense
220 Accounts Payable—Supply Mart
(300) Owner’s Equity
310 Isabelle Seville, Capital
320 Isabelle Seville, Drawing
60 • Working Papers
1.
4-1 ON YOUR OWN, p. 97
Preparing a chart of accounts and opening an account
TE
TE
Ross Hair Care
Chart of Accounts
Balance Sheet Accounts Income Statement Accounts
(100) Assets (400) Revenue
110 Cash 410 Sales
120 Accounts Receivable—T. Ryan (500) Expenses
130 Accounts Receivable—G. Sieler 510 Delivery Expense
140 Supplies 520 Insurance Expense
Chapter 4 Posting to a General Ledger • 61
4-2 WORK TOGETHER, p. 108
Posting to a general ledger
GENERAL JOURNAL PAGE 1
DATE ACCOUNT TITLE DOC.
NO.
POST.
REF. DEBIT CREDIT
1
20 – –
Apr. 1 Cash R1 2 5 0 0 00 1
2Omar Boje, Capital 2 5 0 0 00 2
33Prepaid Insurance C1 3 3 0 00 3
4Cash 3 3 0 00 4
54 Supplies M1 1 6 0 00 5
6Accounts Payable—Ready Supply 1 6 0 00 6
24 24
25 25
26 26
27 27
28 28
29 29
30 30
31 31
32 32
110
310
140
110
130
62 • Working Papers
4-2 WORK TOGETHER (continued)
GENERAL LEDGER
ACCOUNT Cash ACCOUNT NO. 110
DATE ITEM POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
TE
20–
Apr. 1G1 2 5 0 0 00 2 5 0 0 00
3G1 3 3 0 00 2 1 7 0 00
8G1 3 2 5 00 2 4 9 5 00
12 G1 2 6 0 00 2 2 3 5 00
15 G1 8 0 00 2 1 5 5 00
16 G1 6 5 00 2 2 2 0 00
25 G1 5 0 0 00 1 7 2 0 00
Chapter 4 Posting to a General Ledger • 63
4-2 WORK TOGETHER (concluded)
GENERAL LEDGER
ACCOUNT Accounts Payable—Ready Supply ACCOUNT NO. 210
DATE ITEM POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
ACCOUNT Omar Boje, Capital ACCOUNT NO. 310
DATE ITEM POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
20–
Apr. 4 G1 1 6 0 00 1 6 0 00
15 G1 8 0 00 8 0 00
20–
Apr. 1 G1 2 5 0 0 00 2 5 0 0 00
64 • Working Papers
GENERAL JOURNAL PAGE 1
DATE ACCOUNT TITLE DOC.
NO.
POST.
REF. DEBIT CREDIT
120 – –
Oct. 1 Cash R1 2 2 5 0 00 1
2Helen Orr, Capital 2 2 5 0 00 2
34 Supplies M1 1 3 4 00 3
4Accounts Payable—Stein Company 1 3 4 00 4
57Prepaid Insurance C1 4 1 0 00 5
6Cash 4 1 0 00 6
710 Accounts Receivable—K. Green S1 3 6 0 00 7
8Sales 3 6 0 00 8
913 Cash T13 1 5 0 0 00 9
4-2 ON YOUR OWN, p. 108
Posting to a general ledger
TE
110
310
130
210
140
110
120
410
110
Chapter 4 Posting to a General Ledger • 65
4-2 ON YOUR OWN (continued)
GENERAL LEDGER
ACCOUNT Cash ACCOUNT NO. 110
DATE ITEM POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
20–
Oct. 1G1 2 2 5 0 00 2 2 5 0 00
7G1 4 1 0 00 1 8 4 0 00
13 G1 1 5 0 0 00 3 3 4 0 00
18 G1 6 8 00 3 2 7 2 00
21 G1 8 0 00 3 1 9 2 00
27 G1 2 0 0 00 3 3 9 2 00
30 G1 1 0 0 0 00 2 3 9 2 00
66 • Working Papers
4-2 ON YOUR OWN (concluded)
GENERAL LEDGER
ACCOUNT Accounts Payable—Stein Company ACCOUNT NO. 210
DATE ITEM POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
ACCOUNT Helen Orr, Capital ACCOUNT NO. 310
DATE ITEM POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
TE
20–
Oct. 4 G1 1 3 4 00 1 3 4 00
21 G1 8 0 00 5 4 00
20–
Oct. 1 G1 2 2 5 0 00 2 2 5 0 00
Name Date Class
GENERAL JOURNAL PAGE
DATE ACCOUNT TITLE DOC.
NO.
POST.
REF. DEBIT CREDIT
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
4-3 WORK TOGETHER, p. 113
Journalizing correcting entries and correcting posting errors
ACCOUNT Art Stevenson, Drawing ACCOUNT NO. 320
1.
2.
20–
Dec. 1 Supplies M15 7 5 00
Prepaid Insurance 7 5 00
1 Rent Expense M16 9 0 0 00
Repair Expense 9 0 0 00
21
68 • Working Papers
4-3 ON YOUR OWN, p. 113
Journalizing correcting entries and correcting posting errors
GENERAL JOURNAL PAGE
ACCOUNT Janet Bies, Capital ACCOUNT NO. 310
DATE ITEM POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
20–
June 1 G10 2 5 0 0 00 2 5 0 0 00
15 G10 1 0 0 0 00 1 5 0 0 00
1.
2.
TE
11
1 0 0 0 00
25 0 0 0 00 25 0 0 0 00
26 0 0 0 00
Chapter 4 Posting to a General Ledger • 69
Name Date Class
4-1 APPLICATION PROBLEM, p. 116
Preparing a chart of accounts and opening an account (LO1, 2, 3, 4)
1.
3.
ACCOUNT ACCOUNT NO.
DATE ITEM POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
Deters Duplicating
Chart of Accounts
Balance Sheet Accounts Income Statement Accounts
(100) Assets (400) Revenue
110 Cash 410 Sales
Prepaid Insurance
150
4-2 APPLICATION PROBLEM, p. 116
Posting from a general journal to a general ledger and proving cash (LO5, 6)
GENERAL JOURNAL PAGE 1
DATE ACCOUNT TITLE DOC.
NO.
POST.
REF. DEBIT CREDIT
1
20 – –
July 1 Cash R1 4 0 0 0 00 1
2Jing Suen, Capital 4 0 0 0 00 2
38Prepaid Insurance C1 6 0 0 00 3
4Cash 6 0 0 00 4
510 Supplies M1 1 8 0 00 5
20 20
21 21
22 22
23 23
24 24
25 25
26 26
110
310
140
110
130
Chapter 4 Posting to a General Ledger • 71
4-2 APPLICATION PROBLEM (continued)
GENERAL LEDGER
ACCOUNT Cash ACCOUNT NO. 110
DATE ITEM POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
20–
July 1 G1 4 0 0 0 00 4 0 0 0 00
8 G1 6 0 0 00 3 4 0 0 00
12 G1 9 6 4 00 4 3 6 4 00
19 G1 2 2 5 00 4 1 3 9 00
20 G1 1 2 0 00 4 0 1 9 00
27 G1 1 0 0 00 4 1 1 9 00
31 G1 8 0 0 00 3 3 1 9 00
72 • Working Papers
4-2 APPLICATION PROBLEM (concluded)
GENERAL LEDGER
ACCOUNT Accounts Payable—Bayou Supply ACCOUNT NO. 210
DATE ITEM POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
ACCOUNT Jing Suen, Capital ACCOUNT NO. 310
DATE ITEM POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
TE
20–
July 10 G1 1 8 0 00 1 8 0 00
20 G1 1 2 0 00 6 0 00
20–
July 1 G1 4 0 0 0 00 4 0 0 0 00