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 General Journal Nov. 5 Accounts Receivable-Ski Shop Sales Debit Credit 5,556 5,556 1,522 10 Accounts Receivable-Welcome Enterprises Sales 1,522 893 13 Accounts Receivable-Zia Natara Sales 893 230 21 Sales Returns and Allowances Accounts Receivable-Zia Natara 230 30 Accounts Receivable-Ski Shop Sales 3,173 3,173 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 0 End. Bal 0 0 Accounts Receivable Subsidiary Ledger Ski Shop Sales Returns and Allowances End. Bal 0 0 End. Bal 0 0 Welcome Enterprises Zia Natara End.Bal 0 End. Bal 0