Elegant Dining sells china, glassware, and other gift items that are subject to an 8 percent sales tax. The shop uses a general journal and a sales journal similar to those illustrated in this chapter. All customers have payment terms of n/30. DATE TRANSACTIONS Nov. 1 sold china to Paola Jimenez; issued Sales slip 1001 for $1,250 plus $100 sales tax. S sold a brass serving tray to Janet Hutchison; issued Sales Slip 1002 for $1,850 plus $148 sales tax. 6 Sold a vase to Charles Brown; issued Sales Slip 1003 for $450 plus $36 sales tax. 10 Sold a punch bowl and glasses to Terri Namala; 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 Namala an allowance because of a broken glass discovered when unpacking the punch bowl and glasses sold on November 10, Sales Slip 1004; issued Credit Memorandum 102 for $176.00, which includes sales tax of $13. 21 Sold a coffee table to Teresa Yu; issued Sales Slip 1006 for $2,950 plus $236 sales tax. 24 Sold sterling silver teaspoons to Hank O'Connor; issued Sales Slip 1007 for $350 plus $28 sales tax. 25 Gave Teresa Yu an allowance for scratches on her coffee table sold on November 21, Sales Slip 1006; issued Credit Memorandum 103 for $396, which includes $29 in sales tax. 30 sold a clock to Elena Bratianu; issued Sales Slip 1008 for $3,550 plus $284 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 30? Complete this question by entering your answers in the tabs below. Sales Journal General Journal Ledger Accounts Schedule of Acct Rec Analyze Prepare a sales journal to record the above transactions. Date Sales Slip No. Sales Credit Sales Tax Payable Credit 100 1001 148 36 Nov.1,20X1 Nov.5,20X1 Nov.6,20X1 Nov. 10,20X1 Nov. 14,20X1 Nov.21,20X1 Nov 24,20X1 Nov 30,20X1 1002 1003 1004 1005 1006 SALES JOURNAL Accounts Customer's Name Receivable Debit Paola Jiminez IS 1,350 Janet Hutchison 1,998 Charles Brown 486 Terri Namala 1,566 Dorothy Watts 324 Teresa Yu 3,186 Hank O'Connor 378 Elena Bratianu 3,834 116 1,250 1,850 450 1,450 300 2,950 350 3,550 24 236 1007 28 1008 284 Nov. 30, 20X1 Totals s 13,122 $ 972 12,150 (Sales Journal General Journal > BEN Answer is not complete. Complete this question by entering your answers in the tabs below. General Sales Journal Schedule of Ledger Journal Analyze Accounts Acct Rec Post the sales return transactions and column totals from the sales journal into the General ledger accounts. Then, post each transactic accounts receivable subsidiary ledger accounts. (Note: Some transactions may carry an abnormal balance during the month.) GENERAL LEDGER Accounts Receivable Account No: 111 Sales Tax Payable Account No: 231 Date Debit Credit Balanco Date Debit Credit Balance Nov 17,20X1 176 176 Nov 17,20X1 13 13 Nov.25,20X1 396 572 Nov 25,20X1 42 Nov. 30,20X1 13,122 12,550 Nov. 30,20X1 972 930 29 Sales Account No: 401 Debit Date Nov 30,20X1 Credit 12,150 Balance 12,150 Sales Returns and Allowances Date Debit Nov 17,20X1 163 Nov 25,20X1 367 Account No: 451 Credit Balance 163 530 ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER Terms: n/30 Charles Brown Elena Bratianu Terms: n/30 Elena Bratianu ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER Terms: n/30 Charles Brown Credit Balance Date 3,834 Nov 6,20X1 Date Debit Debit Terms: n/30 Credit Balance 486 Nov 30,20X1 3,834 486 Paola Jiminez Janet Hutchison Date Nov.5,20X1 Debit Terms: n/30 Credit Balance 1,998 Date Debit 1,350 Terms: n/30 Credit Balance 1,350 1.998 Nov. 1,20X1 Terri Namala Date Nov. 17,20X1 Terms: n/30 Credit Balance Hank O'Connor Date Debit Debit Terms: n/30 Credit Balance 378 Nov 24,20X1 378 Dorothy Watts Date Nov. 14,20X1 Debit Terms: n30 Credit Balance 324 Teresa Yu Date Nov 25,20X1 Debit Terms: n/30 Credit Balance 236 324 Sales Journal General Journal Ledger Accounts Schedule of Acct Rec Analyze Prepare a schedule of accounts receivable. ELEGANT DINING Schedule of Accounts Receivable November 30, 20X1 Paola Jiminez $ Janet Hutchison 1,350 1,998 486 176 Charles Brown Terri Namala Dorothy Watts Teresa Yu Hank O'Connor Elena Bratianu Total $ 4,010