Score: 0 of 5 pts 6 of 6 (4 complete EF9-22 (similar to) During August 2024, Magid Company recorded the following: Sales of $37,000 ($22,000 on account: $15,000 for cash). Ignore Cost of Goods Sold. Collections on account, $11,800. Write-offs of uncollectible receivables, $1,760. Recovery of receivable previously written off, $400. Requir 1. 2. . . Requirement 1. Journalize Magid's transactions during August 2024, assuming Magid uses the direct write-off method. Sales of $37,000 ($22,000 on account: $15,000 for cash). Ignore Cost of Goods Sold. (Record debits first, then credits. Select the ex Date Accounts and Explanation Debit Credit Aug. Suonne Requirements 1. Journalize Magid's transactions during August 2024, assuming Magid uses the direct write-off method. 2. Journalize Magid's transactions during August 2024, assuming Magid uses the allowance method. e direct write-off method. debits first, then credits. Select the explanation on the last line of the journal entry table. Prepare a single compound journal entry) HW Score: 44.8196, 9.41 of EF9-22 (similar to) During 2024. Magd Company recorded the following - 7.00 2.000 on count 515.000 for cash onore Cost of Goods Sold Ocions on 1.100 Wechs 1750 Potresly with a 100 Question Home Requirements 1. Journalie Magistransactions during August 2024, assuming Magies in direct we off method 2. Joumite Magistransactions during August 2024, assuming Magide the lowance method Magsactions during August 302 Magid use the direct write-off method S522.00 2.000 on istun 316,000 for cash or Cont of Goode Solt cont du fint, then credite Suste planter on the west tow of the pooral entry was prepare a single compound junar entry) Dim Credit Aus De und glation