Fraud investigators inc. operates a fraud detection service. on march 31, 10 customers were billed for detection services totaling $24,000. on october 31, a customer balance of $1,450 from a prior year was determined to be uncollectible and was written off. on december 15, a customer paid an old balance of $790, which had been written off in a prior year. on december 31, $490 of bad debts were estimated and recorded for the year.

Fractional reserve banking which of the following statements about fractional reserve banking are correct? check all that apply. fractional reserve banking allows banks to create money through the lending process. fractional reserve banking does not allow banks to hold excess reserves. fractional reserve banking allows banks to create additional wealth by lending some reserves. fractional reserve banking relies on everyone not withdrawing their money at the same time.