Vail Company recorded the following transactions during November.DateNovember 5November 10November 13November 21November 30General JournalAccounts Receivable-Ski ShopSalesAccounts Receivable-Welcome IncorporatedSalesAccounts Receivable-Zia CompanySalesSales Returns and AllowancesAccounts Receivable-Zia CompanyAccounts Receivable-Ski ShopSalesDebit4,6151,3508322092,713Credit4,6151,3508322092,7131. Post these entries to both the general ledger accounts and the accounts receivable ledger subsidiary ledger accounts.2. Prepare a schedule of accounts receivable.

ACCOUNT RECEIVABLEAccount Receivable is a amount receivable from the customers.Accounts Receivable…

General Journal r 5 Accounts Receivable-Ski Shop Sales Accounts Receivable-Welcome Incorporated Sales 10 Accounts Receivable-Zia Company Sales 21 Sales Returns and Allowances 13 30 Accounts Receivable-Zia Company Accounts Receivable-Ski Shop Sales Debit 4,615 1,350 832 209 2,713 Credit 4,615 1,350 832 209 2,713

General Journal r 5 Accounts Receivable-Ski Shop Sales Accounts Receivable-Welcome Incorporated Sales 10 Accounts Receivable-Zia Company Sales 21 Sales Returns and Allowances 13 30 Accounts Receivable-Zia Company Accounts Receivable-Ski Shop Sales Debit 4,615 1,350 832 209 2,713 Credit 4,615 1,350 832 209 2,713

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 5EB: Catherines Cookies has a beginning balance in the Accounts Receivable control total account of...

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Vail Company recorded the following transactions during November. Date General Journal Debit Credit November 5 Accounts Receivable-Ski Shop 4,662 Sales 4,662 November 10 Accounts Receivable-Welcome Incorporated Sales 1,429 1,429 November 13 Accounts Receivable-Zia Company Sales 838 838 November 21 Sales Returns and Allowances 216 Accounts Receivable-Zia Company 216 2,979 Sales 2,979 November 30 Accounts Receivable-Ski Shop 1. Post these entries to both the general ledger accounts and the accounts receivable ledger subsidiary ledger accounts. 2. Prepare a schedule of accounts receivable. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Post these entries to both the general ledger accounts and the accounts receivable ledger subsidiary ledger accounts. General Ledger Accounts Receivable Subsidiary Ledger Accounts Receivable Ending Balance 0 0 Sales Ending Balance Sales Returns and Allowances Ending Balance 0 Ski Shop Ending Balance 0 Zia Company…
Guardian Carpets Incorporated provided the following accounts related to beginning balances in its accounts receivable and allowance accounts for the current year: Accounts Receivable Beginning Balance 6,000,000 Allowance for Uncollectible Accounts 2,000,000 Beginning Balance Question content area top right Part 1 Requirement Prepare the journal entries to record the following transactions that occurred during the current year. Prepare a schedule for both accounts receivable and the allowance for uncollectible accounts that shows the beginning balances, the various items that change the beginning balance, and the ending balance. Question content area bottom Part 1 Prepare the journal entries to record the following transactions that occurred during the current year. (Record debits first, then credits. Exclude explanations from any journal…
Vail Company recorded the following transactions during November. Date General Journal Debit Credit Nov. 5 Accounts Receivable—Ski Shop 5,201 Sales 5,201 10 Accounts Receivable—Welcome Enterprises 1,209 Sales 1,209 13 Accounts Receivable—Zia Natara 709 Sales 709 21 Sales Returns and Allowances 183 Accounts Receivable—Zia Natara 183 30 Accounts Receivable—Ski Shop 2,521 Sales 2,521 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.
Vail Company recorded the following transactions during November. Date General Journal Debit Credit November 5 Accounts Receivable-Ski Shop 4,948 Sales 4,948 November 10 Accounts Receivable-Welcome Incorporated Sales 1,758 1,758 November 13 Accounts Receivable-Zia Company Sales 1,031 1,031 November 21 Sales Returns and Allowances 266 Accounts Receivable-Zia Company 266 November 30 Accounts Receivable-Ski Shop 3,665 Sales 3,665 1. Post these entries to both the general ledger accounts and the accounts receivable ledger subsidiary ledger accounts. 2. Prepare a schedule of accounts receivable. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Post these entries to both the general ledger accounts and the accounts receivable ledger subsidiary ledger accounts. General Ledger Accounts Receivable Ending Balance 0 0 Sales Ending Balance Sales Returns and Allowances Ending Balance 0 Accounts Receivable Subsidiary Ledger Ski Shop Ending Balance 0 0 Zia…
wo transactions were posted to the following customer account. NAME: Boogie Board Water WearADDRESS: 2340 Xtreme Surf Date Item Post. Ref. Debit Credit Balance July 1 Balance 805 6 Invoice No. 406 R42 645 1,450 24 Invoice No. 456 CR56 710 740 Describe each transaction and the source of each posting. July 6 Sold $_______on account to Boogie Board Water Wear. July 24 Cash of $_________ was collected from Boogie Board Water Wear.
Vail Company recorded the following transactions during November. Date General Journal November 5 Accounts Receivable-Ski Shop November 5 Sales November 10 Accounts Receivable-Welcome Incorporated 2,966 November 10 Sales November 13 Accounts Receivable-Zia Company November 13 Sales November 21 Sales Returns and Allowances November 21 Accounts Receivable-Zia Company November 30 Accounts Receivable-Ski Shop November 30 Sales Debit Credit 5,189 1,739 449 6,184 5,189 2,966 1,739 449 6,184 1. Post these entries to both the general ledger accounts and the accounts receivable ledger subsidiary ledger accounts. 2. Prepare a schedule of accounts receivable.
Ivanhoe Products uses both special journals and a general journal. Ivanhoe also posts customers’ accounts in the accounts receivable subsidiary ledger. The postings for the most recent month are as follows. Accounts Receivable Subsidiary Ledger Estes Date Ref Debit Credit Balance Jan. 31 320 Feb. 2 235 85 15 230 315 Troung Date Ref Debit Credit Balance Jan. 31 0 Feb. 2 210 210 15 210 0 Gehrke Date Ref Debit Credit Balance Jan. 31 155 Feb. 5 155 0 20 170 170 Weiser Date Ref Debit Credit Balance Jan. 31 160 Feb. 1 160 0 8 260 260 14 235 495 Determine the correct amount of the end-of-month posting from the sales journal to the Accounts Receivable control account. Amount of the end-of-month posting from…
es Vail Company recorded the following transactions during November. Date General Journal Debit Credit November 5 Accounts Receivable-Ski Shop 5,775 Sales 5,775 November 10 Accounts Receivable-Welcome Incorporated Sales 1,706 1,706 November 13 Accounts Receivable-Zia Company Sales 1,000 1,000 November 21 Sales Returns and Allowances 258 November 30 Accounts Receivable-Zia Company Accounts Receivable-Ski Shop 258 3,557 Sales 3,557 1. Post these entries to both the general ledger accounts and the accounts receivable ledger subsidiary ledger accounts. 2. Prepare a schedule of accounts receivable. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Post these entries to both the general ledger accounts and the accounts receivable ledger subsidiary ledger accounts. General Ledger Accounts Receivable Accounts Receivable Subsidiary Ledger Ski Shop Ending Balance 0 0 Sales Ending Balance 0 0 Zia Company Ending Balance 0 0
Kelley Company has completed the following October sales and purchases journals: a. Total and post the journals to T accounts for the general ledger and the accounts receivable and accounts payable ledgers. b. Complete a schedule of accounts receivable for October 31, 20--. c. Complete a schedule of accounts payable for October 31, 20--. d. Compare the balances of the schedules with their respective general ledger accounts. If they are not the same, find and correct the error(s).
Catherines Cookies has a beginning balance in the Accounts Payable control total account of $8,200. In the cash disbursements journal, the Accounts Payable column has total debits of $6,800 for November. The Accounts Payable credit column in the purchases journal reveals a total of $10,500 for the current month. Based on this information, what is the ending balance in the Accounts Payable account in the general ledger?
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determine the correct amount of the end-of-month posting the sales journal to the Account Receivable control account. Amount of the end-of-month posting from the sales journal to the Account Receivable $ Pharoah Products uses both special journals and a general journal. Pharoah also posts customers accounts in the accounts receivable subsidiary ledger. The postings for the most recent month are included in the subsidiary T-accounts below. Estes Bal. 290 215 195 Truong Bal. 300 300 Gehrke Bal. 215 215 340 Weiser Bal. 170 170 150