E8-4 Recording Write-Offs and Recoveries [LO 8-2]Prior to recording the following, Elite Electronics, Inc., had a credit balance of $2,300 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.) On August 31, a customer balance for $330 from a prior year was determined to be uncollectible and was written off.On December 15, the customer balance for $330 written off on August 31 was collected in full.

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Asked Mar 31, 2019
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E8-4 Recording Write-Offs and Recoveries [LO 8-2]

Prior to recording the following, Elite Electronics, Inc., had a credit balance of $2,300 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.)
 

  1. On August 31, a customer balance for $330 from a prior year was determined to be uncollectible and was written off.
  2. On December 15, the customer balance for $330 written off on August 31 was collected in full.

 

 

 

 

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