The following information was obtained from the Thompson Company records: On March 23, Thompson Company sold inventory on account to Watson Company, $14,200. On August 16, Thompson Company determines that Watson Company's account is uncollectible and writes it off. On October 1, Watson Company remits a partial payment of $500. Required:
a. Journalize Thompson Company's transactions on August 16 and October 1.
b. Make sure to enter the day for each separate transaction.