Hequirements 1 Journal Magistratione dung August 2014 uning the director 2 Journal Magister 2024, Magdthe lower During August 2024, Magid Company recorded ling Son $29,100 (522.000 on count: 57.100 och ignore Cost of Goods Sold Cotections on wount, 50.000 Wines of uncoletti recentes 10 Recovery of receivable previowy want 51.000 Requirements. Journal Magiscons during August 2004, ing Magide herect we of Gas of $20,100 22.000 on cont,37.100 for cash ignore Cost of Good Bocortisos. the credit the son on the line of the juny es como Date Mucows and Explanation Det Credi Debit Creda Consonaco, 56,600 Date Accounts and explanation Mog Write-offs of uncollectible receivables, $1,680. Date Accounts and Explanation Debit Credit Aug Recovery of receivable previously written off $1,000. Start by preparing the entry to reinstate the receivable. Date Accounts and Explanation Debit Credit Aug Now prepare the entry to show the colection of the previously written off receivable Date Accounts and Explanation Debit Credit Now prepare the entry to show the collection of the previously written off receivable. Date Accounts and Explanation Debit Credit Aug Requirement 2. Journale Magid's transactions during August 2024, assuming Magid uses the allowance method Sales of $29,100 (522,000 on account: $7,100 for cash). Ignore Cost of Goods Sold. (Record dobitu first, then credits. Select the explanation on the last ine of the jumal entry table. Prepare a single Accounts and Explanation Debit Credit Aug Date Collections on account, $6,800. Time A Collections on account, $6,800. Date Accounts and Explanation Debit Credit Aug Write-offs of uncollectible receivables, $1,680 Date Accounts and Explanation Debit Credit AUG Recovery of receivable previously written of $1,000. Start by preparing the entry to reinstate the receivable he radi ste Ann Recovery of receivable previously written off $1,000. Start by preparing the entry to reinstate the receivable. Dato Accounts and Explanation Debit Credit Aug Now prepare the entry to show the collection of the previously written off receivable, Date Accounts and Explanation Debit Credit Aug