Question
During August 2024, Link Company recorded the following: Sales of $113,400 ($99,000 on account; $14,400 for cash). Ignore Cost of Goods Sold. .Collections on
During August 2024, Link Company recorded the following: Sales of $113,400 ($99,000 on account; $14,400 for cash). Ignore Cost of Goods Sold. .Collections on account, $89,100. Write-offs of uncollectible receivables, $2,210. Requirements 1. Journalize Link's transactions during August 2024, assuming Link uses the direct write-off method. 2. Journalize Link's transactions during August 2024, assuming Link uses the allowance method. Recovery of receivable previously written off, $400. Requirement 1. Journalize Link's transactions during August 2024, assuming Link uses the direct write-off method. Sales of $113,400 ($99,000 on account; $14,400 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 Aug. Accounts and Explanation Debit Credit
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