During August 2018, Lima Company recorded the following Sales of $133,300 (S122.000 on account: $11,300 for cash) Ignore Cost of Goods Sold. Collections on account, 5106,400. Write-offs of uncollectible receivables, S990. Recovery of receivable previously written off, S800. Requirements 1. Joumalize Lima's transactions during August 2018, assuming Lima uses the direct write-off method 2. Joumalize Lima's transactions during August 2018, assuming Lima uses the allowance method. Requirement 1. Journalize Lima's transactions during August 2018, assuming Lima uses the direct write-off method. Sales af $133,300 (3122,000 on account, 511,300 for cash). Ignare Cost of Goods Sold. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Prepare a single cornpound journal entry) Date Accounts and Explanation Debit Credit Aug