Vail Company recorded the following transactions during November. Nov. 5 10 13 21 30 Accounts Receivable-Ski Shop.. Sales... Accounts Receivable-Welcome Inc. Sales Accounts Receivable-Zia Co. Sales Sales Returns and Allowances Accounts Receivable-Zia Co. Accounts Receivable-Ski Shop.. Sales 4,615 1,350 832 209 2,713 4,615 1,350 832 209 2,713 1. Open a general ledger having T-accounts for Accounts Receivable, Sales, and Sales Returns and Allowances. Also open an accounts receivable subsidiary ledger having a T-account for each of its three customers. Post these entries to both the general ledger and the accounts receivable ledger. 2. Prepare a schedule of accounts receivable (see Exhibit 7.4) and compare its total with the balance of the Accounts Receivable controlling account as of November 30. EXERCISES Exercise 7-1 Accounts receivable subsidiary ledger; schedule of accounts receivable C1 Check Accounts Receivable ending balance, $9,301

Vail Company recorded the following transactions during November. EXERCISES Exercise 7.1 Accounts receivable subsidiary ledper, schedule of accounts recelvable C1 1. Open a general ledger having T-accounts for Accounts Receivable, Sales, and Sales Returns and Allowances. Also open an accounts receivable subsidiary ledger having a T-account for each of its three customers. Post these entries to both the general ledger and the accounts receivable ledger. 2. Prepare a schedule of accounts receivable (see Exhibit 7.4) and compare its total with the balance of Check Accounts fecemable the Accounts Receivable controlling account as of November 30