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Required information [The following information applies to the questions displayed below.] Fraud Investigators Inc. 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 Inc. operates a fraud detection service. a. On March 31, 10 customers were billed for detection services totaling $27,000. b. On October 31, a customer balance of $1,600 from a prior year was determined to be uncollectible and was written off. c. On December 15, a customer paid an old balance of $880, which had been written off in a prior year. d. On December 31, $520 of bad debts were estimated and recorded for the year.

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