Question

Problem 8-2A (Part Level Submission) At December r 31, 2016, Indigo Corporation Imports reported this information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts $652,800 38,030 During 2017, the company had the following transactions related to receivables. 1. 2. 3. 4. Write-offs of accounts receivable deemed uncollectible 5. Recovery of bad debts previously written off as uncollectible Sales on account Sales returns and allowances Collections of accounts receivable $2,883,800 85,386 2,592,000 44,010 14,500

 



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