During August 2018, Helio Company recorded the following Sales of $27.200 (522,000 on account: $5,200 for cash) Ignore Cost of Goods Sold . Collections on account, 59,100 .Write offs of uncollectible receivables, 51,480, Recovery of receivable previously written off, 5600 Requirements 1. Journalize Helio's transactions during August 2018 assuming Helio uses the direct write-off method. 2. Journalize Helio's transactions during August 2018 assuming Helio uses the allowance method Requirement 1. Journalize Helio's transactions during August 2018, assuming Helio uses the direct write-off method. Sales of $27.200 (522,000 on account, 55,200 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) Date Accounts and Explanation Debit Credit Aug Collections on account, 59,100 Date Accounts and Explanation Debit Credit Aug Write ots of uncollectible receivables, 51,480 Accounts and Explanation Debit Credit Date Aug Recovery of receivable previously written off, S600. Start by preparing the entry to reinstate the receivable Accounts and Explanation Debit Date Credit Aug Now prepare the entry to show the collection of the previously written off receivable Choose from any list or enter any number in the input tolds and then continue to the next question O 3/20/2000 Now prepare the entry to show the collection of the previously written off receivable. Date Accounts and Explanation Debit Credit Aug