E9-20 Journalizing transactions using the direct write-off method versus the allowance method 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.