During August 2024, Bingham Company recorded the following: Sales of $40,200 ($33,000 on account; $7,200 for cash). Ignore Cost of Goods Sold. Collections on account, $14,900. Write-offs of uncollectible receivables, $1,320. . Recovery of receivable previously written off, $600. Requirements 1. Journalize Bingham's transactions during- method. 2. Journalize Bingham's transactions during a Requirement 1. Journalize Bingham's transactions during August 2024, assuming Bingham uses the direct write-off method. Sales of $40,200 ($33,000 on account; $7,200 for cash). Ignore Cost of Goods Sold. (Record debits first, then credits. Select the explanation on the last line of the journal entry table Date Accounts and Explanation Debit Credit Aug