Prior to recording the following, Elite Electronics, Incorporated, had a credit balance of $2,500 in its Allowance for Doubtful Accounts. a. On August 31, a customer balance for $350 from a prior year was determined to be uncollectible and was written off: b. On December 15 , the customer balance for $350 written off on August 31 was collected in full Required: For each transaction listed above, indicate the amount and direction (+ of l of effects on the financial statement accounts and an the overall accounting equation. Hint On December t5th, first reinstate the Accounts receivable and then record the collection of cash. (Enter any decreases to Assets, Liabilities, or Stockholders Equity with a minus sign.)