Exercise 7-1 Accounts receivable subsidiary ledger; schedule of accounts receiva

Question

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 2015 Debit Credit Date Nov. 5 General Journal Accounts Receivable-Ski Shop 4,615 Sales 4,615 10 Accounts Receivable-Welcome Enterprises 1,350 Sales 1,350 3 Accounts Receivable-Zia Natara 832 Sales 832 21 Sales Returns and Allowances 209 Accounts Receivable-Zia Natara 209 30 Accounts Receivable-Ski Shop 2,713 Sales 2,713

Explanation / Answer

General Ledger Accounts receivable Sales 5-Nov 4,615 209 21-Nov - 4,615 5-Nov 10-Nov 1,350 - 1,350 10-Nov 13-Nov 832 - 832 13-Nov 30-Nov 2,713 - 2,713 30-Nov End bal 9,301 - 9,510 end bal Sales return and allowance Accounts receivable Subsdiary ledger 21-Nov 209 Ski shop 5-Nov 4,615 30-Nov 2,713 end bal 209 End bal 7,328 Welcome Enterprises Zia Natara 10-Nov 1,350 13-Nov 832 209 21-Nov End bal 1,350 End bal 623 2) Schedule of accounts receivable ski shop 7,328 Welcom enterprises 1,350 Zia Natara 623 Total 9,301

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