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Vail Company recorded the following transactions during November. Date General...

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Accounting

Vail Company recorded the following transactions during November.

Date General Journal Debit Credit
Nov. 5 Accounts ReceivableSki Shop 4,788
Sales 4,788
10 Accounts ReceivableWelcome Enterprises 2,469
Sales 2,469
13 Accounts ReceivableZia Natara 1,448
Sales 1,448
21 Sales Returns and Allowances 374
Accounts ReceivableZia Natara 374
30 Accounts ReceivableSki Shop 5,147
Sales 5,147

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 receivable ledger.


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