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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 entry

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.) On March 31, ten customers were billed for detection services totalling $41,500. On October 31, a customer balance of $2,490 from a prior year was determined to be uncollectible and was written off. On December 15, a customer paid an old balance of $1,725, which had been written off in a prior year. On December 31, $1,105 of bad debts were estimated and recorded for the year.

  1. On March 31, ten customers were billed for detection services totalling $41,500. 2. On October 31, a customer balance of $2,490 from a prior year was determined to be uncollectable and was written off. 3. Record the reversal of write-off. 4. Record the collection from Customer.

5. On December 31, $1,105 of bad debts were estimated and recorded for the year.

image text in transcribed 2. Complete the following table, indicating the amount. Ignore income taxes. (Enter any decreases with a minus sign.)

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