Vail Company recorded the following transactions during November. Date General Journal November 5 Accounts Receivable-Ski Shop November 5 Sales November 10. Accounts Receivable-Welcome Incorporated 2,966 November 10 Sales November 13 Accounts Receivable-Zia Company November 13 Sales November 21 Sales Returns and Allowances November 21 Accounts Receivable-Zia Company November 30 Accounts Receivable-Ski Shop November 30 Sales Debit Credit 5,189 1,739 449 6,184 5,189 2,966 1,739 449 6,184 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.

Vail Company recorded the following transactions during November. Date General Journal November 5 Accounts Receivable-Ski Shop November 5 Sales November 10. Accounts Receivable-Welcome Incorporated 2,966 November 10 Sales November 13 Accounts Receivable-Zia Company November 13 Sales November 21 Sales Returns and Allowances November 21 Accounts Receivable-Zia Company November 30 Accounts Receivable-Ski Shop November 30 Sales Debit Credit 5,189 1,739 449 6,184 5,189 2,966 1,739 449 6,184 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.

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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