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PLEASE ANSWER THE BELOW QUESTION... [The following information applies to the questions displayed below.] Fraud Investigators Inc. operates a fraud detection service. a. On March
PLEASE ANSWER THE BELOW QUESTION...
[The following information applies to the questions displayed below.] Fraud Investigators Inc. operates a fraud detection service. a. On March 31, 10 customers were billed for detection services totaling $30,000. b. On October 31, a customer balance of $1,750 from a prior year was determined to be uncollectible and was written off. c. On December 15, a customer paid an old balance of $850, which had been written off in a prior year. d. On December 31, $550 of bad debts were estimated and recorded for the year. Required: 1. Prepare journal entries for each transaction above. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the service revenue of $30,000 billed on account. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journalStep by Step Solution
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