Business, 06.05.2020 23:59 zaehairston78531

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.

Transaction General Journal Debit Credit
a
b(1) Record the reversal of the write-off the $250 customer account

Tansaction General Journal Debit Credit
b(1)
b(2) Record the reciept of cash of $250 from the customer

Transaction General Journal Debit Credit
b(2)

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Prior to recording the following, Elite Electronics, Inc. had a credit balance of $1,500 in its Allo...

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