Required information Exercise 7-1 Accounts receivable subsidiary ledger; schedule of accounts receivable LO C1 [The following information applies to the questions displayed below] Vail Company recorded the following transactions during November. General Journal Debit Credit Date Nov. 5 Accounts Receivable-Ski Shop 4,430 Sales 4,430 10 Accounts Receivable-Welcome Enterprises 1,771 Sales 1,771 13 Accounts Receivable-Zia Natara 1,039 Sales 1,039 Sales Returns and Allowances 21 268 Accounts Receivable-Zia Natara 268 30 Accounts Receivable-Ski Shop 3,692 Sales 3,692 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. General Ledger Accounts Receivable Sales End Bal End.Bal Accounts Receivable Subsidiary Ledger Ski Shop Sales Returns and Allowances End.Bal End.Bal ACCOunts Receivable Subsialary Ledger Ski Shop Sales Returns and Allowances End.Bal End Bal Welcome Enterprises Zia Natara End.Bal End Bal Exercise 7-1 Part 2 2. Prepare a schedule of accounts receivable. VAIL COMPANY Schedule of Accounts Receivable November 30 Total