Prior to recording the following, Elite Electronics, Inc. had a credit balance of $1,500 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 $250 from a prior year was determined to be uncollectible and was written off.
b. On December 15, the customer balance for $250 written off on August 31 was collected in full.

Journal Entry Worksheet

Record the write-off of a certain customer account from a prior year which is not collectible totaling $250.

Coca-cola was primarily known for its core competencies in marketing, bottling, and distributing aerated drinks. however, with the success of gatorade, coca-cola developed competencies in the development and marketing of its own sports drink, powerade. which of the following is true of coca-cola? a. it is leveraging existing core competencies to improve current market position. b. it is building new core competencies to protect and extend its current market position. c. it is redeploying and recombining existing core competencies to compete in markets of the future. d. it is targeting the chasm between the early adopter and early majority market segment.