Question

Vail Company recorded the following transactions during November.

Date			General Journal	Debit		Credit
Nov.	5		Accounts Receivable—Ski Shop	4,439
			Sales			4,439
	10		Accounts Receivable—Welcome Enterprises	1,291
			Sales			1,291
	13		Accounts Receivable—Zia Natara	757
			Sales			757
	21		Sales Returns and Allowances	195
			Accounts Receivable—Zia Natara			195
	30		Accounts Receivable—Ski Shop	2,691
			Sales			2,691

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.

Answer 1

General ledger
Accounts Receivable						Sales
Nov 5	4439	Nov 21	195					Nov 5	4439
Nov 10	1291							Nov 10	1291
Nov 13	757							Nov 13	757
Nov 30	2691							Nov 30	2691
End. Bal.	8983					End. Bal.			9178
						Accounts Receivable Subsidiary ledger
Sales return and allowances						Ski Shop
Nov 21	195					Nov 5	4439
						Nov 30	5691
End. Bal.	195					End. Bal.	10130
Welcome Enterprises						Zia Natara
Nov 10	1291					Nov 13	757	Nov 21	195
End. Bal.	1291					End. Bal.	562