Business, 22.02.2020 01:46 chloeozenghar1

During August 2018, Bingham Company recorded the following: bullet Sales of $ 68 comma 900 ($ 55 comma 000 on account; $ 13 comma 900 for cash). Ignore Cost of Goods Sold. bullet Collections on account, $ 45 comma 100. bullet Write-offs of uncollectible receivables, $ 1 comma 680. bullet Recovery of receivable previously written off, $ 300. Requirements 1. Journalize Bingham's transactions during August 2018, assuming Bingham uses the direct write-off method. 2. Journalize Bingham's transactions during August 2018, assuming Bingham uses the allowance method.

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During August 2018, Bingham Company recorded the following: bullet Sales of $ 68 comma 900 ($ 55 com...

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