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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 General Journal

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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 General Journal Debit Credit November 5 Accounts Receivable-Ski Shop 4,935 Sales 4,935 November 10 Accounts Receivable-Welcome Incorporated Sales 1,068 1,068 November 13 Accounts Receivable-Zia Company Sales 626 626 November 21 Sales Returns and Allowances 162 November 30 Accounts Receivable-Zia Company Accounts Receivable-Ski Shop 162 2,227 Sales 2,227 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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