On June 1, 2024, Champion Performance Cell Phones sold $25,000 of merchandise to Ackerman Trucking Company on account. Ackerman fell on hard times and on July 15 paid only $6,000 of the iccount receivable. After repeated attempts to collect, Champion Performance finally wrote off its accounts receivable from Ackerman on September 5 . Six months later, March 5, 2025, Champion Performance received Ackerman's check for $19,000 with a note apologizing for the late payment. Read the requirements. Requirement 1. Journalize the transactions for Champion Performance Cell Phones using the direct write-off method. Ignore Cost of Goods Sold. (Record debits first, then, credits. Select the xplanation on the last line of the journal entry table.) lune 1: Champion Performance Cell Phones sold $25,000 of merchandise to Ackerman Trucking Company on account. Ignore Cost of Goods Sold. Requirements 1. Journalize the transactions for Champion Performance Cell Phones using the direct write-off method. Ignore Cost of Goods Sold. 2. What are some limitations that Champion Performance will encounter when using the direct write-off method? On June 1, 2024, Champion Performance Cell Phones sold $25,000 of merchandise to Ackerman Trucking Company on account. Ackerman fell on hard times and on July 15 paid only $6,000 of the iccount receivable. After repeated attempts to collect, Champion Performance finally wrote off its accounts receivable from Ackerman on September 5 . Six months later, March 5, 2025, Champion Performance received Ackerman's check for $19,000 with a note apologizing for the late payment. Read the requirements. Requirement 1. Journalize the transactions for Champion Performance Cell Phones using the direct write-off method. Ignore Cost of Goods Sold. (Record debits first, then, credits. Select the xplanation on the last line of the journal entry table.) lune 1: Champion Performance Cell Phones sold $25,000 of merchandise to Ackerman Trucking Company on account. Ignore Cost of Goods Sold. Requirements 1. Journalize the transactions for Champion Performance Cell Phones using the direct write-off method. Ignore Cost of Goods Sold. 2. What are some limitations that Champion Performance will encounter when using the direct write-off method