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Business, 15.11.2019 20:31 ValeriaVironche953

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.

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