Prior to recording the following. Elite Electronics, Incorporated, had a credit

Question

Prior to recording the following. Elite Electronics, Incorporated, had a credit balance of $3,000 in its Allowance for Doubtful Accounts. ed: Prepare jounal 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, 2013, a customer balance for $400 from a prior year was determined to be uncollectible and was written off b. On Deoember 15, 2013, the customer balance for $400 written off on August 31, 2013, was collected in full. View transaction list Journal entry worksheet 2 Record the write-off of a certain customer account from a prior year which is not collectible totaling $400. Note: Erter debits before credits General Journal DebitCredit View gneral journal

Explanation / Answer

Ans.1 General Journal Debit Credit a Allowance for doubtful accounts 400 Accounts receivables 400

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