all requirements please

During August 2024, Magid Company recorded the following: - Sales of $54,500($44,000 on account; $10,500 1. Journalize Magid's transactions during August 2024, assuming Magid uses the for cash). Ignore Cost of Goods Sold. direct write-off method. - Collections on account, $31,100. 2. Journalize Magid's transactions during - Write-offs of uncollectible receivables, $1,110. August 2024, assuming Magid uses the - Recovery of receivable previously written off, $900. allowance method. Requirement 1. Journalize Magid's transactions during August 2024, assuming Magid uses the direct write-off method. Sales of $54,500 ( $44,000 on account; $10,500 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.)