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E8-4 (Algo) Recording Write-Offs and Recoveries [LO 8-2] Prior to recording the following, Elite Electronics,...

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E8-4 (Algo) Recording Write-Offs and Recoveries [LO 8-2] Prior to recording the following, Elite Electronics, Incorporated, had a credit balance of $1,500 in its Allowance for Doubtful Accounts. Required: Prepare journal entries for each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a. On August 31, a customer balance for $250 from a prior year was determined to be uncollectible and was written off. b. On December 15 , the customer balance for $250 written off on August 31 was collected in full. Journal entry worksheet Record the write-off of a certain customer account from a prior year which is not collectible totaling $250. Notei Finter debits before creaits. Record the reversal of the write-off of the $250 customer account. Note: Enter debits before credits. Journal entry worksheet Record the receipt of cash of $250 from the customer. Note: Enter debits before credits

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