Elegant Dining sells china, glassware, and other gift items that are subject to an 8 percent sales tox. The shop uses a general journal and a sales foumal similar to those illustrated in this chapter. All customers have payment terms of n/30. DATE TRANSACTIONS Nov. 1 Sold china to Paola Bineness issued Sales Slip 1001 for $1,250 plus $100 sales tax 5 Sold a brass serving tray to Janet Hutchison: issued Sales Slip 1002 for $1,850 plus 5148 sales tax 6 Sold a vase to Charles Brown issued Sales Slip 1003 for $450 plus $36 sales tax 10 Sold punch bowl and classes to Tere Naal Issued Sales Slip 1004 for $1,450 plus $116. Sales tax 14 Sold a set of serving bowls to Dorothy Watts; issued Sales Slip 1005 for $300 plus $24 Sales tax 17 Gave Terri Manala an allowance because of a broken lass discovered when unpacking the punch out and sold on November 10, Sales Slip 10047 Issued Credit Memorandon 102 for $170,00, which includes sales tax of $11. 21 Sold coffee table to Terasa Yu; Iscond Sales Slip 1006 for $2,950 plus 1236 les tax 24 sold sterling silver teaspoons to Hunk O'Connor Issued Sales Slip 1007 for $350 plus 128 sales tax 25 Gave Terese Yuan allowance for scratches on her coffee table sold on November 21, Sales Slin 1000;ssued Credit Memorandum 103 for $190, which includes $29 in sales tax. 30 Sold clock to Elena Bratianu; issued Sales Slip 1008 for $3,550 plus $214 sales tax Required: 1. Record the transactions for November in the proper journal 2. Post to the accounts receivable ledger 3. Post the amounts from the general journal daily. Post the sales journal amount as a total at the end of the month 4. Prepare a schedule of accounts receivable. Compare the balance of the Accounts Receivable control account with the total of the schedule, Analyze: Which customer has the highest balance owed at November 307 Elegant Dining sells china, glassware, and other gift items that are subject to an 8 percent sales tox. The shop uses a general journal and a sales foumal similar to those illustrated in this chapter. All customers have payment terms of n/30. DATE TRANSACTIONS Nov. 1 Sold china to Paola Bineness issued Sales Slip 1001 for $1,250 plus $100 sales tax 5 Sold a brass serving tray to Janet Hutchison: issued Sales Slip 1002 for $1,850 plus 5148 sales tax 6 Sold a vase to Charles Brown issued Sales Slip 1003 for $450 plus $36 sales tax 10 Sold punch bowl and classes to Tere Naal Issued Sales Slip 1004 for $1,450 plus $116. Sales tax 14 Sold a set of serving bowls to Dorothy Watts; issued Sales Slip 1005 for $300 plus $24 Sales tax 17 Gave Terri Manala an allowance because of a broken lass discovered when unpacking the punch out and sold on November 10, Sales Slip 10047 Issued Credit Memorandon 102 for $170,00, which includes sales tax of $11. 21 Sold coffee table to Terasa Yu; Iscond Sales Slip 1006 for $2,950 plus 1236 les tax 24 sold sterling silver teaspoons to Hunk O'Connor Issued Sales Slip 1007 for $350 plus 128 sales tax 25 Gave Terese Yuan allowance for scratches on her coffee table sold on November 21, Sales Slin 1000;ssued Credit Memorandum 103 for $190, which includes $29 in sales tax. 30 Sold clock to Elena Bratianu; issued Sales Slip 1008 for $3,550 plus $214 sales tax Required: 1. Record the transactions for November in the proper journal 2. Post to the accounts receivable ledger 3. Post the amounts from the general journal daily. Post the sales journal amount as a total at the end of the month 4. Prepare a schedule of accounts receivable. Compare the balance of the Accounts Receivable control account with the total of the schedule, Analyze: Which customer has the highest balance owed at November 307