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.) On August 31, 2013, a customer balance for $400 from a prior year was determined to be uncollectible and was written off a. 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. Nole: Eiter debiltls before sredits General Journal Debit Credit View seral journal

Explanation / Answer

Sr.no.

Sr.no.

General Journal Debit Credit A. Aug. Allowance for doubtful Aacounts $ 400 To Accounts Receivable $400 B. Dec Accounts Receivable a/c $400 To Allowance for doubtful accounts $400

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