Required information Exercise 7-1 (Algo) 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. Exercise 7-1 (Algo) 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