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Required information Exercise 7-1 (Algo) Accounts receivable subsidiary ledger; schedule of
accounts receivable LO C1 [The following information applies to the questions displayed
below.] Vail Company recorded the following transactions during November. Exercise 7-1
(Algo) 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
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