Required information [The following information applies to the questions displayed below] Fraud Investigators Inc. operates...
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Accounting
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 $32,000. b. On October 31, a customer balance of $1,850 from a prior year was determined to be uncollectible and was written off. c. On December 15, a customer paid an old balance of $830, which had been written off in a prior year d. On December 31, $570 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 Net Sales Transaction Net Receivables a. b. C. d

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