Prior to recording the following, Elite Electronics, Incorporated, had a credit balance of $$2,000$ in its Allowance for Doubtful Accounts.

a$.$ On August $31,$ a customer balance for $$300$ from a prior year was determined to be uncollectible and was written off.

b$.$ On December $15,$ the customer balance for $$300$ written off on August $31$ was collected in full.

Required:

For each transaction listed above, indicate the account, amount, and direction of the effect $(+$ for increase and $-$ for decrease$)$ on the overall accounting equation. If a transaction affects a temporary account, include the account name under "Temporary Accounts" and the financial effect under $"$NI$."$ Do not enter an amount under "Stockholders' Equity" for these transactions; their impact on stockholders' equity will occur later when the temporary accounts are closed at year$-$end. Do not enter No Effect $($NE$)$ or zero for any cells without an effect for each transaction despite what may be shown in textbook demonstration cases as these cells should be left blank.

Note: Enter any decreases to Assets, Liabilities, Stockholders' Equity and Net Income with a minus sign.Prior to recording the following, Elite Electronics, Incorporated, had a credit balance of $$2,000$ in its Allowance for Doubtful Accounts.

a$.$ On August $31,$ a customer balance for $$300$ from a prior year was determined to be uncollectible and was written off.

b$.$ On December $15,$ the customer balance for $$300$ written off on August $31$ was collected in full.

Required:

For each transaction listed above, indicate the account, amount, and direction of the effect $(+$ for increase and $-$ for decrease$)$ on the overall accounting equation. If a transaction affects a temporary account, include the account name under "Temporary Accounts" and the financial effect under $"$NI$."$ Do not enter an amount under "Stockholders' Equity" for these transactions; their impact on stockholders' equity will occur later when the temporary accounts are closed at year$-$end. Do not enter No Effect $($NE$)$ or zero for any cells without an effect for each transaction despite what may be shown in textbook demonstration cases as these cells should be left blank.

Note: Enter any decreases to Assets, Liabilities, Stockholders' Equity and Net Income with a minus sign.