27 ster During August 2020, Kaili Company recorded the following: a. Sales totaled $64,000 of which sales on account totaled $56,600 with cash sales totaling $7,400. Ignore Cost of Goods Sold. b. Collections on account totaled, $36,500. c. Write-offs of uncollectible receivables, $1,500. d. Recovery of receivable previously written of totaled, $430. Journalize transactions for Kaili Company for August 2020 assuming Kaili Company uses the direct write off method. Date a. b. C. d. d. I Description Debit Credit 10 Journalize transactions for Kaili Company for August 2020 assuming Kaili Company uses the allowance method.

During August 2020, Kaili Company recorded the following: a. Sales totaled $64,000 of which sales on account totaled $56,600 with cash sales totaling $7,400. Ignore Cost of Goods Sold. b. Collections on account totaled, $36,500. c. Write-offs of uncollectible receivables, $1,500. d. Recovery of receivable previously written of totaled, $430. Journalize transactions for Kaili Company for August 2020 assuming Kaili Company uses the direct write off method. method. ali Company uses the allowance Journalize transactions for Kaili Company for August 2020 assuming Kaili Company uses the allowance method