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! Required information [The following information applies to the questions displayed below.) Fraud Investigators Incorporated operates a fraud detection service. a. On March 31, 10

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! 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 $21,000. b. On October 31, a customer balance of $1,300 from a prior year was determined to be uncollectible and was written off. c. On December 15, a customer paid an old balance of $760, which had been written off in a prior year. d. On December 31, $460 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. Ignore income taxes. Transaction Net Receivables Net Sales Income From Operations a. b. c. d

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