During August $2024,$ Magid Company recorded the following:

Sales of $$39,800($ $$33,000$ on account; $$6,800$ for cash$).$ Ignore Cost of Goods Sold.

Collections on account, $$20,100.$

Write$-$offs of uncollectible receivables, $$1,320.$

Recovery of receivable previously written off, $$500.$

Requirements

Journalize Magid's transactions during August $2024,$ assuming Magid uses the direct write$-$off method.

Journalize Magid's transactions during August $2024,$ assuming Magid $1010$ parts to question uses the allowance method.

Requirement $1.$ Journalize Magid's transactions during August $2024,$ assuming Magid uses the direct write$-$off method.

Sales of $$39,800($ $$33,000$ 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.$)$