(SOLVED)- Vail Company recorded the following selected transactions during November 2015 1


Question Description:

$19

Vail Company recorded the following selected transactions during November 2015.
1. Open a general ledger having T-accounts for Accounts Receivable, Sales, and Sales Returns and Allowances. Also open an accounts receivable subsidiary ledger having a T-account for each customer. Post these entries to both the general ledger and the accounts receivable ledger.
2. Prepare a schedule of accounts receivable and compare its total with the balance of the Accounts Receivable controlling account as of November 30.

Answer

$19