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Prepare general journal entries...

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Accounting

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Prepare general journal entries as needed. Journal entry worksheet Record the first entry required in the general journal. Notei Enter debits before credits. Elegant pining sells china. glasswafe, and other gift items that are subject to an 8 percent soles tax. The shop uses a general joumal and a sales journa similar to those illustrated in this chapter. Al customers have payment terms of n 30 . bATE TRANSACTIONS Required: 1. Record the transactions for November in the proper journal. 2. Post to the accouns recelvable ledget. 3. Post the amounts from the general joumal cally. Post the sales journal amount as a tota at the end of the month. The general ledger accounts used are Accounts Recelvable, 111; Sales, 401; Sales Tax Payable. 231; and Sales Retums and Allowances, 451. 4. Prepare a schedule of accounts recelvable. Compare the balance of the Accounts Recelveble control account with the total of the schedule. Analyze: Which customer has the highest balance owed at November 30 ? Prepare a sales jou mal to record the above transactions. Complete this question by entering your answers in the tabs below. Which customer has the highest balance owed at November 30 ? Prepare a schedule of accounts receivable

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