Question: Problem 8-2A (Part Level Submission) At December 31, 2016, Indigo Corporation Imports reported this information on its balance sheet. Accounts receivable 652,800 38,030 Less: Allowance

Imports reported this information on its balance sheet. Accounts receivable 652,800 38,030

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

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