During August 2024, Bingham Company recorded the following Requirements Sales of $60,000 ($55,000 on account $13,900 for cash). Ignore Cost of Goods Sold 1. Collections on account, $39,800 Joumalize Bingham's transactions during August 2024, assuming Bingham uses the dec write-off method Write-offs of uncollectible receivables. $1,450. 2. Journalize Bingham's transactions during August 2024, assuming Bingham uses the allowance i Recovery of receivable previously written off $1,100 method Aug Requirement 1. Joumalize Bingham's transactions during August 2024, assuming Bingham uses the direct wille off method Sales of $68,900 ($55,000 on account, $13,900 for cash) Ignore Cost of Goods Sold. (Recond debts first, then credits. Select the explanation on the last line of the journal entry table Prepare a single compound you entry) Date Accounts and Explanation Debit Credit Collections on account, $39.800. Date Accounts and Explanation Debil Credit Next 2