Need help with accounting Academic Dishonesty Investigatlons Ltd. operates a plaglarism detection service for universitles and colleges.Required:1. Prepare journal entrles for each transaction below. (If no entry Is required for a transaction/event, select "No Journal entryrequlred" In the first account fleld.)a. On March 31, ten customers were billed for detectlon servlces totalling $25.000.b. On October 31, a customer balance of $1,500 from a prlor year was determined to be uncollectible and was written off.c On December 15, a customer pald an old balance of $900, whlch had been written off In a prlor year.d. On December 31, $500 of bad debts were estimated and recorded for the year.View transaction listView journal entry worksheetNoTransactionGeneral JournalDebitCredit1(No Transaction Recorded2b.No Transaction Recorded3.D-1.No Transaction Recorded4c-2,No Transaction Recordedd.No Transaction Recorded 2. Complete the following table, Indicating the amount. Ignore Income taxes. (Enter any decreeses with a minus sign.)NetReceivablesIncome fromOperationsTransactionNet Salesb.d.

Adjusting journal entry: At year-end when the company finalizes its accounts then any unrecognized…

Academic Dishonesty Investigations Ltd. operates a plaglarism detection service for unlversitles and colleges. Required: 1. Prepare Journal entrles for each transaction below. (If no entry Is requlred for a transactlon/event, select "No Journal entry requlred" In the first account fleld.) a. On March 31, ten customers were billed for detectlon services totalling $25.000. b. On October 31, a customer balance of $1,500 from a prior year was determined to be uncollectible and was written off. C. On December 15, a customer pald an old balance of $900, which had been written off In a prlor year. d. On December 31, $500 of bad debts were estimated and recorded for the year. View transaction list View journal entry worksheet No Transaction General Journal Debit Credit a. No Transaction Recorded b. No Transaction Recorded 3 c-1. No Transaction Recorded 4. c-2. No Transaction Recorded d. No Transaction Recorded

Academic Dishonesty Investigations Ltd. operates a plaglarism detection service for unlversitles and colleges. Required: 1. Prepare Journal entrles for each transaction below. (If no entry Is requlred for a transactlon/event, select "No Journal entry requlred" In the first account fleld.) a. On March 31, ten customers were billed for detectlon services totalling $25.000. b. On October 31, a customer balance of $1,500 from a prior year was determined to be uncollectible and was written off. C. On December 15, a customer pald an old balance of $900, which had been written off In a prlor year. d. On December 31, $500 of bad debts were estimated and recorded for the year. View transaction list View journal entry worksheet No Transaction General Journal Debit Credit a. No Transaction Recorded b. No Transaction Recorded 3 c-1. No Transaction Recorded 4. c-2. No Transaction Recorded d. No Transaction Recorded

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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