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Chapter 9
Accounting Information Systems
Companies often offer sales discounts to their customers (i.e. 2/10, n/30). The terms of each sale
should be recorded in the sales journal. However, if a company provides the same sales terms to all
its customers, there is no need to record the terms in the sales journal.
Sales Journal
Page 1
Date
Account
Invoice # PR
Accounts Receivable/Sales
(DR/CR)
COGS/Inventory
(DR/CR)
Jan 5 Joe Blog
5125
1,235
1,100
Account:
Joe Blog
Date
PR
DR
CR
Balance
2016
Jan 5
SJ1
1,235
1,235 DR
________________
figure 9.5
At the end of the month, the totals of all the columns are posted to the appropriate ledger accounts.
The numbers in brackets under the totals represent the ledger numbers of the accounts used. In this
example, we are focusing on accounts receivable, account number 110. The posting to the accounts
receivable control account in Figure 9.6 follows these steps.
1
Transfer the date from the sales journal to the date column in the ledger account.
2
Make a note of the journal and page number in the PR column of the ledger.
3
Transfer the total of the accounts receivable column to the debit column in the ledger account.
4
Indicate the posting is complete by writing the general ledger number under the total.
1
3
2
4
