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Academic Dishonesty Investigations Ltd. operates a plagiarism detection service for universities and colleges. Required: 1. Prepare journal entries for each transaction below. (If no
Academic Dishonesty Investigations Ltd. operates a plagiarism detection service for universities and colleges. Required: 1. Prepare journal entries for each transaction below. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a On March 31, ten customers were billed for detection services totalling $55,000. b. On October 31, a customer balance of $3,300 from a prior year was determined to be uncollectible and was written off. c. On December 15, a customer paid an old balance of $2,400, which had been written off in a prior year. d. On December 31, $1,600 of bad debts were estimated and recorded for the year. View transaction list Journal entry worksheet 1 2 3 4 5 On March 31, ten customers were billed for detection services totalling $55,000. Note: Enter debits before credits. Transaction a. General Journal Debit Credit Record entry Clear entry View general journal 2. Complete the following table, indicating the amount. Ignore income taxes. (Enter any decreases with a minus sign.) Transaction Net Receivables Income from Net Sales Operations a. b. C. d.
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