E8-9 Recording and Detemining the Effects of Write-Offs, Recoveries, and Bad Debt Expense Estimates on the Balance Sheet and Income Statement. Fraud Investigato?s Inc. operates a fraud detection service. Required 1. Prepare journal entries for each transaction below a. On March 31, 10 customers were billed for detection services totaling $25,000. b. On October 31, a customer balance of $1,500 from a prior year was determined to be uncollectible and was written off c. On December 15, a customer paid an old balance of $900, which had been written off in a prior year d. On December 31, $500 of bad debts were estimated and recorded for the year. 2. Complete the following table, indicating the amount and effect(+for increase, -for decrease, and NE for no effect) of each transaction. Net receivables Net Sales Income from Operations ransaction Slide 8 of 19 Ofice Theme da 59% 318 PM