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

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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 field.) 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. View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 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 field.) 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. View transaction list View journal entry worksheet No Transaction General Journal Debit Credit