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Homework answers / question archive / Academic Dishonesty Investigations Ltd
Academic Dishonesty Investigations Ltd. operates a plagiarism detection service for universities and colleges. Required: 1. Prepare journal entries for each transaction below. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. On March 31, ten customers were billed for detection 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 paid an old balance of $900, which had been written off in a prior year. d. On December 31, $500 of bad debts were estimated and recorded for the year. View transaction list Journal entry worksheet < 1 2 3 4 5 > On March 31, ten customers were billed for detection services totalling $25,000. Note: Enter debits before credits. Transaction General Journal Debit Credit a < Prey 3 of 5 Next > 2. Complete the following table, indicating the amount. Ignore income taxes. (Enter any decreases with a minus sign.) Transaction Net Receivables Net Sales Income from Operations a. b C. d.
