E8-4 recording write-offs and recoveries [lo 8-2] prior to recording the following, elite electronics, inc., had a credit balance of $2,200 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.) on august 31, a customer balance for $320 from a prior year was determined to be uncollectible and was written off. on december 15, the customer balance for $320 written off on august 31 was collected in full.

Karla tanner opens a web consulting business called linkworks and completes the following transactions in its first month of operations. april 1 tanner invested $105,000 cash along with office equipment valued at $25,200 in the company in exchange for common stock. 2 the company prepaid $7,200 cash for 12 months’ rent for office space. (hint: debit prepaid rent for $7,200.) 3 the company made credit purchases for $12,600 in office equipment and $2,520 in office supplies. payment is due within 10 days. 6 the company completed services for a client and immediately received $2,000 cash. 9 the company completed a $8,400 project for a client, who must pay within 30 days. 13 the company paid $15,120 cash to settle the account payable created on april 3. 19 the company paid $6,000 cash for the premium on a 12-month insurance policy. (hint: debit prepaid insurance for $6,000.) 22 the company received $6,720 cash as partial payment for the work completed on april 9. 25 the company completed work for another client for $2,640 on credit. 28 the company paid $6,200 cash in dividends. 29 the company purchased $840 of additional office supplies on credit. 30 the company paid $700 cash for this month’s utility bill. required: 1.prepare general journal entries to record these transactions using the following titles: cash (101); accounts receivable (106); office supplies (124); prepaid insurance (128); prepaid rent (131); office equipment (163); accounts payable (201); common stock (307); dividends (319); services revenue (403); and utilities expense (690). 2. post the journal entries from part 1 to the ledger accounts. 3. prepare a trial balance as of april 30. need a jounalentry worksheet part1 part2 - post the journal entries from part 1 to the ledger accounts part3 - prepare a trial balance as ofaprol30