Problem 7.3A (Algo) Recording sales transactions, posting to the accounts receivable ledger, and preparing a schedule of accounts receivable. LO 7-1,7-2,7-3, 7-4, 7-5, 7-6 The Elegant Table 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 Pauline Judge: issued Sales Slip 1001 for $1,525 plus 5122 sales tax. 5 sold a brass serving tray to Janet Hutchison; issued Sales Slip 1002 for $2,125 plus $170 sales tax. 6 Sold a vase to Charles Brown issued Sales Slip 1003 for $725 plus $58 sales tax. 10 Sold a punch bowl and glasses to Lisa Morgan issued sales slip 1004 for $1,725 plus $138 sales tax. 14 Sold a set of serving bowls to Dorothy Watts; issued Sales Slip 1005 for $575 plus 546 sales tax. 17 Gave Lisa Morgan 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 $161, which includes sales tax of $12. 21 Sold a coffee table to Teresa Yu; issued Sales slip 1006 for $3,225 plus $258 sales tax. 24 Sold sterling silver teaspoons to Henry Okafor issued Sales Slip 1007 for $625 plus $50 sales tax. 25 Cave Teresa Yu an allowance for scratches on her coffee table sold on November 21, Sales Slip 10061 Issued Credit Memorandum 103 for $377, which includes $28 in sales tax. 30 Sold a clock to Elaine Brock: issued Sales Slip 1008 for $3,025 plus $306 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 307 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. SALES JOURNAL Accounts Customer's Name Receivable Debit Date Sales Slip No. Sales Tax Payable Credit Sales Credit 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 schedule Analyze: which customer has the highest balance owed at November 30? Book Complete this question by entering your answers in the tabs below. Pem References Sales Journal General Ledger Schedule of Journal Accounts Acct Rec Analyze Prepare a sales Journal to record the above transactions. SALES JOURNAL Date Sales Slip Accounts No. Customer's Name Receivable Debit Sales Tax Payable Credit Sales Credit Nov. 1,20X1 Nov.5,20x1 Nov.6,20X1 Nov. 10,20x1 Nov. 30, 20X1 Total $ 05 os 0 General Journal > Complete this question by entering your answers in the tabs below. Sales Journal General Journal Ledger Accounts Schedule of Acct Rec onts Analyze Prepare general journal entries as needed. eBook View transaction flet Print Journal entry worksheet Complete this question by entering your answers in the tabs below. Schedule of Acct Rec Analyze General Ledger Sales Journal Journal Accounts Prepare general Journal entries as needed View transaction ist Journal entry worksheet 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 th 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 Which customer has the highest balance owed at November 307 Highest balance owed