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 ReceivableSki Shop	4,523
November 5	Sales		4,523
November 10	Accounts ReceivableWelcome Incorporated	1,519
November 10	Sales		1,519
November 13	Accounts ReceivableZia Company	891
November 13	Sales		891
November 21	Sales Returns and Allowances	230
November 21	Accounts ReceivableZia Company		230
November 30	Accounts ReceivableSki Shop	3,167
November 30	Sales		3,167

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.

• Required 1

Post these entries to both the general ledger accounts and the accounts receivable ledger subsidiary ledger accounts.

• Required 2

Prepare a schedule of accounts receivable.

VAIL COMPANY
Schedule of Accounts Receivable
November 30
Ski Shop
Welcome Incorporated
Zia Company
Total	$0

General Ledger					Accounts Receivable Subsidiary Ledger
Accounts Receivable					Ski Shop
					Ending Balance	0		0
Ending Balance	0		0
Sales					Zia Company
					Ending Balance	0		0
Ending Balance	0		0
Sales Returns and Allowances					Welcome Incorporated
Ending Balance	0		0		Ending Balance	0		0