During August 2024, Robo Company recorded the following: - Sales of $148,000 ( $133,000 on account; $15,000 for cash). Ignore Cost of Goods Sold. - Collections on account, $120,100. - Write-offs of uncollectible receivables, $1,680. - Recovery of receivable previously written off, $500. Requirements 1. Journalize Robo's transactions during August 2024, assuming Robo uses the direct write-off method. 2. Journalize Robo's transactions during August 2024, assuming Robo uses the allowance method. Requirement 1. Journalize Robo's transactions during August 2024, assuming Robo uses the direct write-off method. Sales of $148,000 ( $133,000 on account; $15,000 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.) Allowance for Bad Debts Collected cash on account. Record sales for the month. Recorded bad debts expense for the period. Reinstated previously written off account. Wrote off uncollectible accounts