The Elegant Table sells china, glassware, and other gift items that are subject to an $8$ percent sales tax. The shop uses a general journal and a sales journal similar to those illustrated in this chapter. All customers have payment terms of $\frac{n}{30}.$

DATE TRANSACTIONS

November $1$ Sold china to Pauline Judge; issued Sales Slip $1001$ for $$1,475$ plus $$118$ sales tax.

November $5$ Sold a brass serving tray to Janet Hutchison; issued Sales Slip $1002$ for $$2,075$ plus $$166$ sales tax.

November $6$ Sold a vase to Charles Brown; issued Sales Slip $1003$ for $$675$ plus $$54$ sales tax.

November $10$ Sold a punch bowl and glasses to Lisa Morgan; issued Sales Slip $1004$ for $$1,675$ plus $$134$ sales tax.

November $14$ Sold a set of serving bowls to Dorothy Watts; issued Sales Slip $1005$ for $$525$ plus $$42$ sales tax.

November $17$ Gave Lisa Morgan an allowance because of a broken glass discovered when unpacking the punch bowl and glasses sold on November $10,$ Sales Slip $1004$; issued Credit Memorandum $102$ for $$166,$ which includes sales tax of $$13.$

November $21$ Sold a coffee table to Teresa Yu; issued Sales Slip $1006$ for $$3,175$ plus $$254$ sales tax.

November $24$ Sold sterling silver teaspoons to Henry Okafor; issued Sales Slip $1007$ for $$575$ plus $$46$ sales tax.

November $25$ Gave Teresa Yu an allowance for scratches on her coffee table sold on November $21,$ Sales Slip $1006$; issued Credit Memorandum $103$ for $$381,$ which includes $$29$ in sales tax.

November $30$ Sold a clock to Elaine Brock; issued Sales Slip $1008$ for $$3,775$ plus $$302$ sales tax.

Required:

Record the transactions for November in the proper journal.

Post to the accounts receivable ledger.

Post the amounts from the general journal daily. Post the sales journal amount as a total at the end of the month. The general ledger accounts used are Accounts Receivable, $111$; Sales, $401$; Sales Tax Payable, $231$; and Sales Returns and Allowances, $451.$

Prepare a schedule of accounts receivable. Compare the balance of the Accounts Receivable control account with the total of the schedule.Analyze$-$ Which customer has the highest balaNce owed at November $30$th$?$