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.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter9: Sales And Purchases

Section: Chapter Questions

Problem 10E: Kelley Company has completed the following October sales and purchases journals: a. Total and post...

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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…
Vail Company recorded the following transactions during November. Date General Journal Debit Credit November 5 Accounts Receivable-Ski Shop 4,662 Sales 4,662 November 10 Accounts Receivable-Welcome Incorporated Sales 1,429 1,429 November 13 Accounts Receivable-Zia Company Sales 838 838 November 21 Sales Returns and Allowances 216 Accounts Receivable-Zia Company 216 2,979 Sales 2,979 November 30 Accounts Receivable-Ski Shop 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 Subsidiary Ledger Accounts Receivable Ending Balance 0 0 Sales Ending Balance Sales Returns and Allowances Ending Balance 0 Ski Shop Ending Balance 0 Zia Company…
Vail Company recorded the following transactions during November. Date November 5 November 10 November 13 November 21 November 30 General Journal Accounts Receivable-Ski Shop Sales Accounts Receivable-Welcome Incorporated Sales Accounts Receivable-Zia Company Sales Sales Returns and Allowances Accounts Receivable-Zia Company Accounts Receivable-Ski Shop Sales Debit 4,615 1,350 832 209 2,713 Credit 4,615 1,350 832 209 2,713 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.
es Vail Company recorded the following transactions during November. Date General Journal Debit Credit November 5 Accounts Receivable-Ski Shop 5,775 Sales 5,775 November 10 Accounts Receivable-Welcome Incorporated Sales 1,706 1,706 November 13 Accounts Receivable-Zia Company Sales 1,000 1,000 November 21 Sales Returns and Allowances 258 November 30 Accounts Receivable-Zia Company Accounts Receivable-Ski Shop 258 3,557 Sales 3,557 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 Accounts Receivable Subsidiary Ledger Ski Shop Ending Balance 0 0 Sales Ending Balance 0 0 Zia Company Ending Balance 0 0
Vail Company recorded the following transactions during November. Date General Journal Debit Credit Nov. 5 Accounts Receivable—Ski Shop 5,201 Sales 5,201 10 Accounts Receivable—Welcome Enterprises 1,209 Sales 1,209 13 Accounts Receivable—Zia Natara 709 Sales 709 21 Sales Returns and Allowances 183 Accounts Receivable—Zia Natara 183 30 Accounts Receivable—Ski Shop 2,521 Sales 2,521 Exercise 7-1 Part 1 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.
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