a. On August 1, Tracy lends $90,000 to a customer for one year at a 7% annual interest rate. The note requires the payment of interest each year on July 31. b. On August 25, 10 customers were billed for detection services totaling $39,000. c. On September 9, a customer balance of $2,500 from a prior year was determined to be uncollectible and was written off. d. On December 10, a customer paid an old balance of $1,070, which had been written off in a prior year. e. On December 31, $790 of bad debts were estimated and recorded for the year. f. From August through December, at the end of each month, the company does not receive any interest payments but the company records adjusting entries on a monthly basis for the interest incurred. (Hint: Journal entry for one month interest)