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 Sales 5,395 5,395 10 Accounts Receivable-Welcome Enterprises 2,918 Sales 2,918 13 Accounts Receivable-Zia Natara 1,711 Sales 1,711 21 Sales Returns and Allowances 441 Accounts Receivable-Zia Natara 441 30 Accounts Receivable-Ski Shop 6,083 Sales 6,083 Exercise 7-1 Part 1 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 End.Bal Accounts Receiva ble Subsidiary Ledger Ski Shop Sales Returns and Allowances End.Bal End.Bal Welcome Enterprises Zia Natara End.Bal End Bal