$!$

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 $$28,000.$

b$.$ On October $31,$ a customer balance of $$1,650$ from a prior year was determined to be uncollectible and was written off.

c$.$ On December $15,$ a customer paid an old balance of $$870,$ which had been written off in a prior year.

d$.$ On December $31,$$$530$ of bad debts were estimated and recorded for the year.

Required:

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.$)$Required information

Skip to question

$[$The following information applies to the questions displayed below.$]$

Fraud Investigators Incorporated operates a fraud detection service.

On March $31,10$ customers were billed for detection services totaling $$28,000.$

On October $31,$ a customer balance of $$1,650$ from a prior year was determined to be uncollectible and was written off.

On December $15,$ a customer paid an old balance of $$870,$ which had been written off in a prior year.

On December $31,$ $$530$ of bad debts were estimated and recorded for the year.

Required:

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.$)$