During August 2016, Ritter Company recorded the following: Sales of $62,100 ($55,000 on account; $7,100 for

Question:

During August 2016, Ritter Company recorded the following:
• Sales of $62,100 ($55,000 on account; $7,100 for cash). Ignore Cost of Goods Sold.
• Collections on account, $37,800.
• Write-offs of uncollectible receivables, $1,690.
• Recovery of receivable previously written off, $500.
Requirements
1. Journalize Ritter’s transactions during August 2016, assuming Ritter uses the direct write-off method.
2. Journalize Ritter’s transactions during August 2016, assuming Ritter uses the allowance method.