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. Date Nov. 5 Accounts Receivable-Ski Shop 5,570 General Journal Sales Accounts Receivable-Welcome 10 Enterprises Sales Debit Credit 5,570 2,099 2,099 13 Accounts Receivable-Zia Natara1,231 Sales 21 Sales Returns and Allowances 318 Accounts Receivable-Zia Natara 30 Accounts Receivable-Ski Shop 4,376 Sales 1,231 318 4,376 Exercise 7-1 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. General Ledger Accounts Receivable Sales End.Bal 0 Sales Returns and Allowances 0 End.Bal 0 Accounts Receivable Subsidiary Ledger Ski Shop 0 End.Bal 0 0 End.Bal 0 0 Welcome Enterprises Zia Natara End.Bal 0 0 End.Bal 0 0