E8-4 (Algo) Recording Write-Offs and Recoveries (LO 8-2] Prior to recording the following, Elite Electronics, Incorporated, had a credit balance of $2,400 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 $340 from a prior year was determined to be uncollectible and was written off. b. On December 15, the customer balance for $340 written off on August 31 was collected in full. View transaction list > 1 Record the write-off of a certain customer account from a prior year which is not collectible totaling $340. 2 Record the reversal of the write-off of the $340 customer account. which is 3 Record the receipt of cash of $340 from the customer