Hello I need some assistance trying to understand these prac

Hello! I need some assistance, trying to understand these practice help and what i have on my notebook Im not sure is correct

Prior to recording the following, Elite Electronics, Inc. had a credit balance of $1,400 in its Allowance for Doubtful Accounts. Required Prepare journal entries for each transaction. (If no entry is required for a transactionlevent, select \"No Journal Entry Required\" in the first account field.) a. On August 31, a customer balance for $240 from a prior year was determined to be uncollecible and was written off b. On December 15, the customer balance for $240 written off on August 31 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 $240 Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal

Solution

1. Journal Entries for Elite Electronics:

Date	Particulars	Debit	Credit
31-Aug	Allowance for doubtful Accounts	240
	Accounts Receivable		240
	(To write off uncollectible debts)
15-Dec	Accounts Receivable	240
	Allowance for doubtful Accounts		240
	( To reverse earlier provision for doubtful debts)
	Cash	240
	Accounts Receivable		240
	(To record collection of cash )