1. prior to recording the following, elite electronics, inc. had a credit balance of $1,000 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 $200 from a prior year was determined to be uncollectible and was written off. b. on december 15, the customer balance for $200 written off on august 31 was collected in full.
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1. prior to recording the following, elite electronics, inc. had a credit balance of $1,000 in its a...
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