During August $2025,$ Magid Company recorded the following:

View the transactions.

Read the requirements.

Requirement $1.$ Journalize Magid Company's transactions during August $2025,$ assuming Magid Company uses the direct write$-$off method.

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Aug$.,\frac{?}{\text{b}\text{a}\text{r}}(0),,],[,,],[\stackrel{}{x},,],[,,],[,,]]$

Requirements

Journalize Magid Company's transactions during August $2025,$ assuming Magid Company uses the direct write$-$off method.

Journalize Magid Company's transactions during August $2025,$ assuming Magid Company uses the allowance method.

Transactions

Sales of $$95,100($ $$88,000$ on account; $$7,100$ for cash$).$ Ignore Cost of Goods Sold.

Collections on account, $$71,500.$

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

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