Reference no: EM131533636

Question: Sami Company recorded the following selected transactions during November 2011.

Nov. 5 Accounts Receivable-Surf Shop . . . . . . . . . . . . . . . . . . 4,417

Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,417

10 Accounts Receivable-Yum Enterprises . . . . . . . . . . . . 1,250

Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,250

13 Accounts Receivable-Matt Albin . . . . . . . . . . . . . . . . . . 733

Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 733

21 Sales Returns and Allowances . . . . . . . . . . . . . . . . . . . . . 189

Accounts Receivable-Matt Albin . . . . . . . . . . . . . . 189

30 Accounts Receivable-Surf Shop . . . . . . . . . . . . . . . . . . 2,606

Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,606

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.