Transactions - Sales of $46,900 ( $33,000 on account; $13,900 for cash). Ignore Cost of Goods Sold. - Collections on account, $22,800. - Write-offs of uncollectible receivables, \$1,320. - Recovery of receivable previously written off, $500. Requirements 1. Journalize Texit Company's transactions during August 2025, assuming Texit Company uses the direct write-off method. 2. Journalize Texit Company's transactions during August 2025, assuming Texit Company uses the allowance method. During August 2025, Texit Company recorded the following: View the transactions. Requirement 1. Journalize Texit Company's transactions during August 2025, assuming Texit Company uses the direct write-off method. Sales of $46,900 ( $33,000 on account; $13,900 for cash). Ignore Cost of Goods Sold. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Prepare a single compound journal entry.) Collections on account, $22,800. During August 2025, Texit Company recorded the following: View the transactions. read the requirements Collections on account, $22,800. Write-offs of uncollectible receivables, $1,320. During August 2025, Texit Company recorded the following: View the transactions. Read the requirements Recovery of receivable previously written off, $500. Start by preparing the entry to reinstate the receivable. Now prepare the entry to show the collection of the previously written off receivable. During August 2025, Texit Company recorded the following: View the transactions. Requirement 2. Journalize Texit Company's transactions during August 2025, assuming Texit Company uses the allowance method. Sales of $46,900 ( $33,000 on account; $13,900 for cash). Ignore Cost of Goods Sold. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Prepare a single compound journal entry.) Collections on account, $22,800. Write-offs of uncollectible receivables, $1,320. Recovery of receivable previously written off, $500. Start by preparing the entry to reinstate the receivable. Now prepare the entry to show the collection of the previously written off receivable