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4 ! Required information [The following information applies to the questions displayed below.] Part 2 of 2 Fraud Investigators Incorporated operates a fraud detection service.
4 ! Required information [The following information applies to the questions displayed below.] Part 2 of 2 Fraud Investigators Incorporated operates a fraud detection service. 11.11 points a. On March 31, 10 customers were billed for detection services totaling $35,000. b. On October 31, a customer balance of $2,000 from a prior year was determined to be uncollectible and was written off. c. On December 15, a customer paid an old balance of $800, which had been written off in a prior year. d. On December 31, $600 of bad debts were estimated and recorded for the year. eBook Hint Print References 2. Complete the following table, indicating the amount and effect (+ for increase, - for decrease, and NE for no effect) of each transaction. Ignore income taxes. Transaction Net Receivables Net Sales Income From Operations a. b C. d
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