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Required information Exercise 7-1 Accounts receivable subsidiary ledger; schedule of accounts receivable LO C1 [The following information applies to the questions displayed below. Vail Company recorded the following selected transactions during November Current Year. Debit Credit General Journal Date Nov. 5 Accounts Receivable-Ski Shop Sales 5,535 5,535 2,275 10 Accounts Receivable-Welcome Enterprises 2,275 Sales 1,334 Accounts Receivable-zia Natara 13 1,334 Sales 344 Sales Returns and Allowances 21 344 Accounts Receivable-zia Natara 30 Accounts Receivable-Ski Shop 4,743 4,743 Sales Exercise 7-1 Part 1 1. Prepare a general ledger having T-accounts for Accounts Rec both the general ledger and the accounts receivable ledger Sales, and Sales Returns and Allowances. Post these e Drenaro nanorl lndeohaine T ceaunr tar Areounte Dnrnisnhi Calnr and Caior Dat irne an Allaunncnn Dnct ts Required information General Ledger Sales Accounts Receivable Nov. 5 Nov. 5 5,535 Nov. 21 5,535 Nov. 10 Nov. 10 Nov. 13 INOV. 13 Nov. 30 5,535 5,535 End.Bal End.Bal Accounts Receivable Subsidiary Ledger Ski Shop Sales Returns and Allowances Nov. 5 Nov. 21 Nov. 30 0End.Bal 0 End.Bal Welcome Enterprises Zia Natara Nov. 21 Nov. 13 Nov. 10 0 End.Bal 0 0 End Bal Next Prev 2 of 2 Sales Exercise 7-1 Part 2 2. Prepare a schedule of accounts receivable. VAIL COMPANY Schedule of Accounts Receivable November 30, Current Year Ski Shop Zia Natara Welcome Enterprises Total 0 A

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