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Exercise 7-1 (Algo) Accounts receivable subsidiary ledger; schedule of accounts receivable LO C1 Vail Company recorded the following transactions during November. Date November 5

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Exercise 7-1 (Algo) Accounts receivable subsidiary ledger; schedule of accounts receivable LO C1 Vail Company recorded the following transactions during November. Date November 5 General Journal Debit Credit Accounts Receivable-Ski Shop 5,578 Sales 5,578 November 10 Accounts Receivable-Welcome Incorporated Sales 1,219 1,219 November 13 Accounts Receivable-Zia Company 715 715 November 21 Sales Returns and Allowances 184 1841 November 30 2,541 Sales 2,541 Sales Accounts Receivable-Zia Company Accounts Receivable-Ski Shop 1. Post these entries to both the general ledger accounts and the accounts receivable ledger subsidiary ledger accounts. 2. Prepare a schedule of accounts receivable.

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