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.
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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