Fraud Investigators Inc. operates a fraud detection service.
On March 31, 10 customers were billed for detection services totaling $17,000.
On October 31, a customer balance of $1,100 from a prior year was determined to be uncollectible and was written off.
On December 15, a customer paid an old balance of $720, which had been written off in a prior year.
On December 31, $420 of bad debts were estimated and recorded for the year.
Required:
Prepare journal entries for each transaction above. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Fraud Investigators Inc.

Date              Particulars                   Debit                  Credit

31 Mar       Accounts Receivable     $ 17,000

                                  Service Revenue                  $ 17000

On March 31, 10 customers were billed for detection services totaling $17,000

31 October  Bad Debts             $1100 Dr.

                      Allowance for Doubtful Debts              $ 1100 Cr

When  Allowance for Doubtful Debts is created .      

At the year end this adjusting entry would be passed . This is an adjusting entry and is not passed on 31st October. It is recorded on the year end.

               Allowance for Doubtful Debts              $ 1100 Dr.

                  Accounts Receivable                     $ 1100 Cr

Dec 15     Allowance for Doubtful Debts              $ 720 Dr

                           Bad Debts                          $ 720 Cr

Recovery Of Bad Debts

Dec 31   Bad debts          $ 420 Dr

               Allowance for Doubtful Debts $ 420 Cr

On December 31, $420 of bad debts were estimated and recorded for the year

answer; to open a new transaction, the user should type the code/0 along with a new transaction code, when done with that the user should press enter to open the transaction; good luck;