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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
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 $18,000. b. On October 31, a customer balance of $1,150 from a prior year was determined to be uncollectible and was written off c. On December 15, a customer paid an old balance of $730, which had been written off in a prior year. d. On December 31, $430 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 Income From Operations Transaction Net Receivables Net Sales
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