E8-4 Recording Write-Offs and Receivables

Prior to recording the following. Elite Electronics, Incorporated, had a credit balance of $2,000 in its Allowance for Doubtful Accounts. Prepare journal entries for each transaction. a. On August 31, 2013, a customer balance for $300 from a prior year was determined to be uncollected and was written off. b. On December 15, 2013, the customer balance for $300 - off on August 31.2013. was collected in full