Wallace Contracting recorded the following transactions during November 2020:

		General Journal		Debit		Credit
Nov. 3		Accounts ReceivableABC Shop		8,500
		Sales*				8,500
8		Accounts ReceivableColt Enterprises		2,600
		Sales*				2,600
11		Accounts ReceivableRed McKenzie		1,560
		Sales*				1,560
19		Sales Returns and Allowances*		214
		Accounts ReceivableRed McKenzie				214
28		Accounts ReceivableABC Shop		4,980
		Sales*				4,980

*Cost of goods sold (or COGS) has been ignored for the purpose of maintaining focus on accounts receivable.

Required: 1. Enter the preceding transactions into a General Ledger having T-accounts for Accounts Receivable, Sales, and Sales Returns and Allowances. Also, enter the transactions in Accounts Receivable Subledger having a T-account for each customer.

2. Enter the balances of the accounts in the subledger and compare the total with the balance of the Accounts Receivable controlling account.