E$8-4($Algo$)$ Recording Write$-$Offs and Recoveries $[$LO $8-2]$

Prior to recording the following, Elite Electronics, Incorporated, had a credit balance of $$2,900$ 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 $$390$ from a prior year was determined to be uncollectible and was written off.

b$.$ On December $15,$ the customer balance for $$390$ written off on August $31$ was collected in full.

Journal entry worksheet

$1$

$2$

$3$

Record the write$-$off of a certain customer account from a prior year which is not collectible totaling $$390.$

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[$a$,,,],[,,,],[,,,],[,,,],[,,,]]$

Chapter $8$ Homework $($i$)$

$2$

$1\mathrm{.}8$

points

eBook

References

Prior to recording the following, Elite Electronics, Incorporated, had a credit balance of $$2,900$ in its Allowance for Doubtful

Required:

Prepare journal entries for each transaction. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Requ the first account field.$)$

a$.$ On August $31,$ a customer balance for $$390$ from a prior year was determined to be uncollectible and was written off.

b$.$ On December $15,$ the customer balance for $$390$ written off on August $31$ was collected in full.

Journal entry worksheet

$1$

$2$

$3$

Record the reversal of the write$-$off of the $$390$ customer account.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[b(1),,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$