Exercise 9-1 Accounts receivable subsidiary ledger; schedule of accounts receivable LO C1

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Vail Company recorded the following selected transactions during November Current Year.

Exercise 9-1 Part 1

1. Prepare a general ledger having T-accounts for Accounts Receivable, Sales, and Sales Returns and Allowances. Post these entries to both the general ledger and the accounts receivable ledger.

Debit Credit 4,816 Date General Journal Nov. 5 Accounts Receivable-ski Shop Sales 4,816 10 Accounts Receivable-Welcome Enterprises 1,776 Sales 1,776 13 Accounts Receivable-Zia Natara 1,041 Sales 1,041 21 Sales Returns and Allowances 269 Accounts Receivable-Zia Natara 269 30 Accounts Receivable-Ski Shop 3,703 Sales 3,703