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[The following information applies to the questions displayed below.] Vail Company recorded the following transactions during...

[The following information applies to the questions displayed below.]

Vail Company recorded the following transactions during November.

Date General Journal Debit Credit
Nov. 5 Accounts Receivable—Ski Shop 5,177
Sales 5,177
10 Accounts Receivable—Welcome Enterprises 1,560
Sales 1,560
13 Accounts Receivable—Zia Natara 915
Sales 915
21 Sales Returns and Allowances 236
Accounts Receivable—Zia Natara 236
30 Accounts Receivable—Ski Shop 3,252
Sales 3,252

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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Answer #1
General ledger
Accounts Receivable Sales
Nov 5 5177 Nov 21 236 Nov 5 5177
Nov 10 1560 Nov 10 1560
Nov 13 915 Nov 13 915
Nov 30 3252 Nov 30 3252
End. Bal. 10668 End. Bal. 10904
Accounts Receivable Subsidiary ledger
Sales return and allowances Ski Shop
Nov 21 236 Nov 5 5177
Nov 30 3252
End. Bal. 236 End. Bal. 8429
Welcome Enterprises Zia Natara
Nov 10 1560 Nov 13 915 Nov 21 236
End. Bal. 1560 End. Bal. 679
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