[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. 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 The following transactions took place for Smart Solutions Incorporated 2020 a. July 1 Loaned $77,000 to employees of the company and received back one-year, 10 percent notes. b. December 31 Acerued interest on the notes. 2021 c. July 1 Received interest on the note. (Ho interest has been recorded since December 11.) d. July 1 Received principal on the nates. Required: Prepare the journal entries that Smart Solutions Incorporated would record for the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Accrued interest on the notes. Record the transaction. Note: Enter debits before credits Date December 31, 2020 General Journal Debit Credit Record entry Clear entry View general Journal Journal entry worksheet Received interest on the notes. (No interest has been recorded since December 31.) Record the transaction. Note: Enter debits before credits. General Journal Debit Credit Date July 01, 2021 Record entry Clear entry View general journal Journal entry worksheet