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  3. during august 2018, robo company recorded the foll

During August 2018, Robo Company recorded the following: Sales of $115,200 ($99,000 on account;...

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Accounting

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During August 2018, Robo Company recorded the following: Sales of $115,200 ($99,000 on account; $16,200 for cash). Ignore Cost of Goods Sold. Collections on account, $88,800. Write-offs of uncollectible receivables, $1,450. Recovery of receivable previously written off, $1,100. Requirement 2. Journalize Robo's transactions during August 2018, assuming Robo uses the allowance Sales of $115,200 ($99,000 on account: $16,200 for cash). Ignore Cost of Goods Sold. (Record debits fa compound journal entry) Date Accounts and Explanation Debit Credit Aug Collections on account, $88,800 Date Accounts and Explanation Debit Credit Aug Date Accounts and Explanation Debit Credit Aug. Recovery of receivable previously written off, $1,100. 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 Date Accounts and Explanation Debit Credit Aug

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