Requirement 2. Journalize Yond's transactions during August 2016, assuming Yond uses the allowance method. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Sales of $102,400 ($88,000 on account: $14,400 for cash). Ignore Cost of Goods Sold. (Prepare a single compound journal entry) Accounts and Explanation Debit Aug Date Credit Collections on account. $76,400 Date Accounts and Explanation Aug. Debit Credit Write-offs of uncollectible receivables, $990. Date Accounts and Explanation Aug Debit Credit Recovery of receivable previously written off, $300. Start by preparing the entry to reinstate the receivable. Accounts and Explanation Debit Credit Date Aug Now prepare the entry to show the collection of the previously written off receivable. Date Accounts and Explanation Debit Credit Aug Choose from any list or enter any number in the input fields and then continue to the next