1. Record the following transactions in general journal form using the direct write-off method for August 9^th and October 22^nd:

1. On August 9, 2012, Jones Company sold merchandise for $525 to Lily Williamson; terms n/90.
2. On October 22, 2012, Jones Company received word that Lily Williams on was going out of business.
3. Assume that Lily Williamson pays the written-off amount due on December 7^th