sales of $50,800 ($44,000 on account $6800 for cash)
During August 2024. Link Company recorded the following: Sales of $50,800 ($44,000 on account: $6,800 for cash). Ignore Cost of Goods Sold. Collections on account, $31,100, Write-offs of uncollectible receivables, $1.450 Recovery of receivable previously written off. 5900 Requirements 1. Journalize Link's transactions dun 2. Journalize Link's transactions dun Requirement 1. Journalize Link's transactions during August 2024, assuming Link uses the direct write-off method. Sales of $50,800 (544,000 on account: $6,800 for cash). Ignore Cost of Goods Sold (Record debits first, then credits. Select the explanation on the last line of the jou carefully and do not abbreviate.) Date Accounts and Explanation Debit Credit Aug Collections on account, $31,100. Debit Credit Date Accounts and Explanation Aug Choose from any list or enter any number in the input fields and then continue to the next question During August 2024, Link Company recorded the following: Sales of $50,800 ($44,000 on account: $6,800 for cash). Ignore Cost of Goods Sold . Collections on account, $31,100. Write-offs of uncollectible receivables, $1,450. Recovery of receivable previously written off, $900 Requirements 1. Journalize Link's transactions 2. Joumalize Link's transactions Write-offs of uncollectible receivables, $1,450. Date Accounts and Explanation Debit Credit Aug Recovery of receivable previously written off, $900. Start by preparing the entry to reinstate the receivable. Date Accounts and Explanation Debit Credit Aug Now prepare the entry to show the collection of the previously written off receivable. Choose from any list or enter any number in the input fields and then continue to the next question. 21 of 30 (6 complete) During August 2024. Link Company recorded the following: Sales of $50,800 ($44,000 on account: $6,800 for cash). Ignore Cost of Goods Sold. Collections on account, $31,100 .Write-offs of uncollectible receivables, $1,450 Recovery of receivable previously written off $900. Requirements 1. Journalize Link's transactions during 2. Journalize Link's transactions during Now prepare the entry to show the collection of the previously written off receivable Accounts and Explanation Debit Credit Date Aug Requirement 2. Journalize Link's transactions during August 2024, assuming Link uses the allowance method Sales of $50,800 ($44,000 on account: $6,800 for cash). Ignore Cost of Goods Sold. (Record debits first, then credits. Select the explanation on the last line of the joume carefully and do not abbreviate.) 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 question. This Question: 24 pts 21 of 30 (6 complete) During August 2024, Link Company recorded the following: Sales of $50,800 ($44,000 on account: $6,800 for cash). Ignore Cost of Goods Sold. Collections on account, $31,100 Write-offs of uncollectible receivables, $1,450. Recovery of receivable previously written off $900 Requirements 1. Joumalize Link's transactions during 2. Journalize Link's transactions during Collections on account. $31,100. Date Accounts and Explanation Debit Credit Aug Write-offs of uncollectible receivables, $1,450. Date Accounts and Explanation Debit Credit Aug Recovery of receivable previously written off $900. Start by preparing the entry to reinstate the receivable. Choose from any list or enter any number in the input fields and then continue to the next question This Question: 24 pts 21 of 30 (6 complete During August 2024. Link Company recorded the following: - Sales of $50,800 ($44,000 on account: $6,800 for cash). Ignore Cost of Goods Sold. Collections on account, $31,100. Write-offs of uncollectible receivables, $1,450. Recovery of receivable previously written off, $900 Requirements 1. Journalize Link's transactions during 2. Joumalize Link's transactions during Recovery of receivable previously written off $900. Start by preparing the entry to reinstate the receivable. Date Accounts and Explanation Debit Credit Aug Now prepare the entry to show the collection of the previously written off receivable. Dato Accounts and Explanation Debit Credit Aug Choose from any list or enter any number in the input fields and then continue to the next
