E8-4 Recording Write-Offs and Recoveries [LO 8-2] Prior to recording the following, Elite Electronics, Inc., had a credit balance of $2,000 in its Allow Required: Prepare journal entries for each transaction. (If no entry is required for a transaction/event, sel the first account field.) a. On August 31, a customer balance for $300 from a prior year was determined to be uncollect 5. On December 15, the customer balance for $300 written off on August 31 was collected in ful View transaction list Journal entry worksheet