Homework: Chapter 8 Save Score: 0 of 4 pts 4 of 7 (0 complete) HW Score: 0%, 0 of 25 pts E8-21 (book/static) Question Help Goods Sold During August 2018, Lima Company recorded the following: Sales of $133,300 ($122,000 on account: $11,300 for cash). Ignore Cost Collections on account, $106,400. Write-offs of uncollectible receivables, $990. Recovery of receivable previously written off, $800. Requirements 1. Journalize Lima's transactions during August 2018, assuming Lima uses the direct write-off method. 2. Journalize Lima's transactions during August 2018, assurning Lima uses the allowance method. Requirement 1. Joumalize Lima's transactions during August 2018, assuming Lima uses the direct write-off method. Sales of $133,300 ($122.000 on account: $11,300 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 Choose from any list or enter any number in the input fields and then click Check Answer. ? 9 parts remaining Clear All Check