E8-4 (Recording Write-Offs and Recoveries Prior to recording the following, Elite Electronics, Inc., had a credit balance of $2,000 in its Allow- ance for Doubtful Accounts. Required: Prepare journal entries for each transaction. a. On August 31, a customer balance for $300 from a prior year was determined to be uncollect- ible and was written off. b. On December 15, the customer balance for $300 written off on August 31 was collected in full.