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how to i record journal entry ? Required information [The following information applies to the questions displayed below.] Fraud Investigators Incorporated operates a fraud detection
how to i record journal entry ?
Required information [The following information applies to the questions displayed below.] Fraud Investigators Incorporated operates a fraud detection service. a. On March 31,10 customers were billed for detection services totaling $15,000. b. On October 31, a customer balance of $1,000 from a prior year was determined to be uncollectible and was written off. c. On December 15 , a customer paid an old balance of $700, which had been written off in a prior year. d. On December 31,$400 of bad debts were estimated and recorded for the year. equired: Prepare journal entries fon each transaction above. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet On December 31, $400 of bad debts were estimated and recorded for the year. Record the transaction. Note: Enter debits before credits Step by Step Solution
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