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Prior to recording the following, Elite Electronics, Inc., had a credit balance of $2,600 in...

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Accounting

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Prior to recording the following, Elite Electronics, Inc., had a credit balance of $2,600 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 $360 from a prior year was determined to be uncollectible and was written off. b. On December 15, the customer balance for $360 written off on August 31 was collected in full. View transaction list Journal entry worksheet Record the write-off of a certain customer account from a prior year which is not collectible totaling $360. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal View transaction list Journal entry worksheet Record the reversal of the write-off of the $360 customer account. Note: Enter debits before credits. General Journal Debit Credit Transaction (1) Record entry Clear entry View general journal View transaction list Journal entry worksheet

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