Question
Vail Company recorded the following selected transactions during November Current Year. Date General Journal Debit Credit Nov. 5 Accounts ReceivableSki Shop 5,149 Sales 5,149 10
Vail Company recorded the following selected transactions during November Current Year.
Date |
|
| General Journal | Debit |
| Credit |
|
Nov. | 5 |
| Accounts ReceivableSki Shop | 5,149 |
|
|
|
|
|
| Sales |
|
| 5,149 |
|
|
|
|
|
|
|
|
|
| 10 |
| Accounts ReceivableWelcome Enterprises | 2,333 |
|
|
|
|
|
| Sales |
|
| 2,333 |
|
|
|
|
|
|
|
|
|
| 13 |
| Accounts ReceivableZia Natara | 1,368 |
|
|
|
|
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| Sales |
|
| 1,368 |
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|
|
|
|
|
|
|
|
| 21 |
| Sales Returns and Allowances | 353 |
|
|
|
|
|
| Accounts ReceivableZia Natara |
|
| 353 |
|
|
|
|
|
|
|
|
|
| 30 |
| Accounts ReceivableSki Shop | 4,864 |
|
|
|
|
|
| Sales |
|
| 4,864 |
|
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.
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2. Prepare a schedule of accounts receivable.
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