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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 $20,000 b. On October 31, a customer balance of $1,250 from a prior year was determined to be uncollectible and was written off. c. On December 15, a customer paid an old balance of $750, which had been written of in a prior year d. On December 31, $450 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 b d 5 The following transactions took place for Parker's Grocery .11 pints 9. January 1 Loaned 558.000 to cashiers of the company and received back one-year 9 percent notes 6 June 30 Accrued interest on the notes. C December 31 Received interest on the notes (No interest has been recorded since June 30.) d. December 31 Received principal on the notes. Required: Prepare the journal entries that Parker's Grocery 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.) eBook Hint View transaction list Print Journal entry worksheet