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 selected transactions during November Current Year. General Journa1 Debit Credit 5,497 Nov. 5 Accounts Receivable-Ski Shop sales 5,497 10 Accounts Receivable-Welcone Enterprises ,769 Sales 1,769 13 Accounts Receivable-2ia Natara 1,037 Sales 1,037 21 Sales Returns and Allovances 268 Accounts Receivable-Zia Natara 268 30 Accounts Receivable-ski Shop 3,688 Sales 3,688 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