Vail Company recorded the following transactions during November. Date General Journal Debit Credit November 5 Accounts Receivable-Ski Shop 4,948 Sales 4,948 November 10 Accounts Receivable-Welcome Incorporated Sales 1,758 1,758 November 13 Accounts Receivable-Zia Company Sales 1,031 1,031 November 21 Sales Returns and Allowances 266 Accounts Receivable-Zia Company 266 November 30 Accounts Receivable-Ski Shop 3,665 Sales 3,665 1. Post these entries to both the general ledger accounts and the accounts receivable ledger subsidiary ledger accounts. 2. Prepare a schedule of accounts receivable. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Post these entries to both the general ledger accounts and the accounts receivable ledger subsidiary ledger accounts. General Ledger Accounts Receivable Ending Balance 0 0 Sales Ending Balance Sales Returns and Allowances Ending Balance 0 Accounts Receivable Subsidiary Ledger Ski Shop Ending Balance 0 0 Zia Company Ending Balance 0 Welcome Incorporated 0 Ending Balance 0 0 < Required 1 Required 2 >

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Vail Company recorded the following transactions during November.
Date
General Journal
Debit
Credit
November 5 Accounts Receivable-Ski Shop
4,948
Sales
4,948
November 10
Accounts Receivable-Welcome Incorporated
Sales
1,758
1,758
November 13
Accounts Receivable-Zia Company
Sales
1,031
1,031
November 21
Sales Returns and Allowances
266
Accounts Receivable-Zia Company
266
November 30
Accounts Receivable-Ski Shop
3,665
Sales
3,665
1. Post these entries to both the general ledger accounts and the accounts receivable ledger subsidiary ledger accounts.
2. Prepare a schedule of accounts receivable.
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Post these entries to both the general ledger accounts and the accounts receivable ledger subsidiary ledger accounts.
General Ledger
Accounts Receivable
Ending Balance
0
0
Sales
Ending Balance
Sales Returns and Allowances
Ending Balance
0
Accounts Receivable Subsidiary Ledger
Ski Shop
Ending Balance
0
0
Zia Company
Ending Balance
0
Welcome Incorporated
0
Ending Balance
0
0
<
Required 1
Required 2 >
Transcribed Image Text:Vail Company recorded the following transactions during November. Date General Journal Debit Credit November 5 Accounts Receivable-Ski Shop 4,948 Sales 4,948 November 10 Accounts Receivable-Welcome Incorporated Sales 1,758 1,758 November 13 Accounts Receivable-Zia Company Sales 1,031 1,031 November 21 Sales Returns and Allowances 266 Accounts Receivable-Zia Company 266 November 30 Accounts Receivable-Ski Shop 3,665 Sales 3,665 1. Post these entries to both the general ledger accounts and the accounts receivable ledger subsidiary ledger accounts. 2. Prepare a schedule of accounts receivable. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Post these entries to both the general ledger accounts and the accounts receivable ledger subsidiary ledger accounts. General Ledger Accounts Receivable Ending Balance 0 0 Sales Ending Balance Sales Returns and Allowances Ending Balance 0 Accounts Receivable Subsidiary Ledger Ski Shop Ending Balance 0 0 Zia Company Ending Balance 0 Welcome Incorporated 0 Ending Balance 0 0 < Required 1 Required 2 >
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