- Add a File Record Audio Record Video Question 21 (6 points) During August, 2025, Joseph Company had the following transactions: 1. Sales of $85,000 ($45,000 on account, $40,000 for cash). 2. Collections on account, $28,000 3. Write-offs of uncollectible receivables, $900 Additional information: Ignore Cost of Goods Sold Joseph uses the allowance method for uncollectibles. Joseph estimates that 2% of its accounts receivable will be uncollectible. On August 1, 2025, the Accounts Receivable balance was $12,000 and the Allowance for Bad Debts had a normal account balance of $1.000. Requirements: Prepare the journal entries for the August 2025 transactions. Because the transactions represent a summary of events, use August 31 for all dates. Omit explanations. 1 a MacBook Air 80 coa 12 DDD F 1 17 A * $ 4 % 5 & 7 3 6 8 Joseph estimates that 2% of its accounts receivable will be uncollectible. On August 1, 2025, the Accounts Receivable balance was $12,000 and the Allowance for Bad Debts had a normal account balance of $1,000. Requirements: a. Prepare the journal entries for the August 2025 transactions. Because the transactions represent a summary of events, use August 31 for all dates. Omit explanations. b. Prepare the August 31, 2025 adjusting journal entry. Omit explanation Format . MacBook Air