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Private Investigations Ltd. operates a detection service for individuals and small to mediumcorporations.Requirement 1: (25...

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Accounting

Private Investigations Ltd. operates a detection service for individuals and small to mediumcorporations.Requirement 1: (25 Marks)1. Prepare journal entries for each transaction below. (If no entry is required for atransaction/event, write "No journal entry required".)a. On March 31, ten customers were billed for detection services totalling $55,000.b. On October 31, a customer balance of $3,300 from a prior year was determined to beuncollectible and was written off.c. On December 15, a customer paid an old balance of $2,400, which had been written off in aprior year.d. On December 31, $1,600 of bad debts were estimated and recorded for the yea

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