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Cash 125,808 Accounts receivable 377,105 $ 125,808 377,105 Revenue Allowance for UA Use the T-accounts to record the following transactions for LAX, LLC.: 14. Record
Cash 125,808 Accounts receivable 377,105 $ 125,808 377,105 Revenue Allowance for UA Use the T-accounts to record the following transactions for LAX, LLC.: 14. Record the estimated bad debt expense from #13 for LAX for 2021 15. LAX sold $93,229 in goods to Star, Co., on account. 16. LAX sold $215,405 in goods to Fox, Inc., on account. 17. LAX decided to write off the >90 receivable for JKL. 18. LAX collected the amount due from Star, Co. 19. LAX collected half of the >90 receivable from ABC and wrote off the rest. 20. LAX collected a partial payment of $175,405 from Fox, Inc. 476 476 Bad debt expense Total debits & credits 502,913 502,913 You're in balance
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