During August2018 , TexitCompany recorded the following:bulletSales of $ 113 comma 400 ($ 99 comma 000on account; $ 14 comma 400for cash). Ignore Cost of Goods Sold. bulletCollections on account, $ 87 comma 400. bullet Write-offs of uncollectible receivables, $ 1 comma 760. bulletRecovery of receivable previously written off, $ 300. Requirements1. Journalize Texit 'stransactions during August2018 , assuming Texituses the direct write-off method. 2. Journalize Texit 'stransactions during August2018 , assuming Texituses the allowance m
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Home » Business » During August2018 , TexitCompany recorded the following:bulletSales of $ 113 comma 400 ($ 99 comma 000on account; $ 14 comma 400for cash). Ignore Cost of Goods Sold. bulletCollections on account, $ 87 comma 400.