pts possible Question Help During August 2018, Yond Company recorded the following: Sales of $61,800 ($55,000 on account; $6,800 for cash). Ignore Cost of Goods Sold. Requirements 1. Jounalize Yond's transactions during August 2018, assuming Yond uses the direct write-off method. 2. Journalize Yond's transactions during August 2018, assuming Collections on account, $37,500. Write-offs of uncollectible receivables, $1,680. Yond uses the allowance method. Recovery of receivable previously written off, $600. Requirement 1. Journalize Yond's transactions during August 2018, assuming Yond uses the direct write-off method. Sales of $61,800 ($55,000 on account; $6,800 for cash). Ignore Cost of Goods Sold. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Prepare a single compound journal entry.) Debit Credit Date Accounts and Explanation Aug. Choose from any list or enter any number in the input fields and then continue to the next question. Reflect in ePortfolio EQuestion Help During August 2018, Yond Company recorded the following: Sales of $61,800 ($55,000 on account; $6,800 for cash). Ignore Cost of Goods Sold. Requirements 1. Jounalize Yond's transactions during August 2018, assuming Yond uses the direct write-off method. .Collections on account, $37,500 Write-offs of uncollectible receivables, $1,680. Journalize Yond's transactions during August 2018, assuming Yond uses the allowance method. 2. Recovery of receivable previously written off, $600. account, $37,500. Collections on Credit Accounts and Explanation Debit Date Aug Choose from any list or enter any number in the input fields and then continue to the next question. Deles l During August 2018, Yond Company recorded the following: Sales of $61,800 ($55,000 on account; $6,800 for cash). Ignore Cost of Goods Sold Collections on account, $37,500. Write-offs of uncollectible receivables, $1,680. Requirements 1. Journalize Yond's transactions during August 2018, assuming Yond uses the direct write-off method. Journalize Yond's transactions during August 2018, assuming Yond uses the allowance method. 2. Recovery of receivable previously written off, $600. Write-offs of uncollectible receivables, $1,680. Date Accounts and Explanation Debit Credit Aug. Choose from any list or enter any number in the input fields and then continue to the next question. Reflect in ePortfolio ming Write-offs of uncollectible receivables, $1,680. Recovery of receivable previously written off, $600. Yond uses the allowance method. Recovery of receivable previously written off, $600. Start by preparing the entry to reinstate the receivable. Date Accounts and Explanation Debit Credit Aug. Choose from any list or enter any number in the input-fields and then continue to the next question. Now prepare the entry to show the collection of the previously written off receivable. Date Accounts and Explanation Debit Credit Aug. ts Choose from any list or enter any number in the input fields and then continue to the next question. Reflect in ePortfolio Write-offs of uncollectible receivables, $1,680. Recovery of receivable previously written off, $600. Yond uses the allowance method Requirement 2. Jounalize Yond's transactions during August 2018, assuming Yond uses the allowance method. Sales of $61,800 ($55,000 on account $6,800 for cash), Ignore Cost of Goods Sold. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Prepare a single compound jounal entry.) . Date Accounts and Explanation Debit Credit Aug. Choose from any list or enter any number in the input fields and then continue to the next question. Reflect in ePortfolio Recovery of receivable previously written off, $600. Collections on account, $37,500. Date Accounts and Explanation Debit Credit Aug. Choose from any list or enter any number in the input fields and then continue to the next question. Write-offs of uncollectible receivables, $1,680. Date Accounts and Explanation Debit Credit . Aug. Choose from any list or enter any number in the input fields and then continue to the next question. Write-offs of uncollectible receivables, $1,680. Recovery of receivable previously written off, $600. Yond uses the allowance method. Recovery of receivable previously written off, $600. Start by preparing the entry to reinstate the receivable. Date Accounts and Explanation Debit Credit Aug. Choose from any list or enter any number in the input fields and then continue to the next question. Now prepare the entry to show the collection of the previously written off receivable. Accounts and Explanation Debit Credit Date Aug Choose from any list or enter any number in the input fields and then continue to the next