Prior to recording the following, Elite Electronics, Incorporated, had a credit balance of $2,000 in its Allowance for Doubtful Accounts. Required: Prepare journal entries for each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account fleld.) 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. Journal entry worksheet Record the receipt of cash of $300 from the customer. Note: Enter debits before credits. Prior to recording the following, Elite Electronics, Incorporated, had a credit balance of $2,000 in its Allowance for Doubtful Accounts. Required: Prepare journal entrles for each transaction. (If no entry Is required for a transaction/event, select "No Journal Entry Required" In the flrst account fleld.) 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. Journal entry worksheet Note: Enter debits before credits