E8-21 (Similar To) Question Help During August 2018, Bingham Company Recorded The Following: • Sales Of $139,800 (S133,000 On Account: 56.800 For Cash). Ignore Cost Of Goods Sold. • Collections On Account, S122,800. • Write-Offs Of Uncollectible Receivables, $1,750. • Recovery Of Receivable Previously Written Off, $500. Requirements 1. Journalize Bingham's

E8-21 (similar to) During August 2018, Bingham Company recorded the following: Sales of $139,800 ($133,000 on account; $6,800 for cash). Ignore Cost of Goods Sold. Collections on account, $122,800. Write-offs of uncollectible receivables, $1,760. Recovery of receivable previously written off, $500. Question Help Requirements 1. Journalize Bingham's transactions during August 2018, assuming Bingham uses the direct write-off method. Journalize Bingham's transactions during August 2018, assuming Bingham uses the allowance method. 2. Requirement 1. Joumalize Bingham's transactions during August 2018, assuming Bingham uses the direct write-off method. Sales of $139,800 ($133,000 on account; $6,800 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 Accounts and Explanation Debit Credit Aug