Question

Required information [The following information applies to the questions displayed below.] Vail Company recorded the following selected transactions during November Current Year. Date General Journal Nov. 5 Accounts Receivable-Ski Shop Sales Debit Credit 5,496 5,496 10 Accounts Receivable-Welcome Enterprises Sales 2,336 2,336 13 Accounts Receivable-zia Natara Sales 1,370 1,370 353 21 Sales Returns and Allowances Accounts Receivable-Zia Natara 353 4,870 30 Accounts Receivable-Ski Shop Sales 4,870 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. General Ledger Accounts Receivable Sales End.Bal End.Bal Accounts Receivable Subsidiary Ledger Ski Shop Sales Returns and Allowances End.Bal End.Bal Welcome Enterprises Zia Natara End.Bal 0 End.Bal

Answer 1

General Ledger
Accounts receivable					Sales
5-Nov	5,496	353	21-Nov			-	5,496	5-Nov
10-Nov	2,336					-	2,336	10-Nov
13-Nov	1370					-	1370	13-Nov
30-Nov	4,870					-	4,870	30-Nov
End bal	13,719					-	14,072	end bal
Sales return and allowance					Accounts receivable Subsdiary ledger
21-Nov	353				Ski shop
					5-Nov	5,496
					30-Nov	4,870
end bal	353				End bal	10,366
Welcome Enterprises					Zia Natara
10-Nov	2,336				13-Nov	1370	353	21-Nov
End bal	2,336				End bal	1017
2)	Schedule of accounts receivable
	ski shop		10,366
	Welcom enterprises		2,336
	Zia Natara		1017
	Total		13,719