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

Imports reported this information on its balance sheet. Accounts receivable Less: Allowance

for doubtful accounts During 2017, the company had the following transactions related

to recelvables. 1. Sales on account 2. Sales returns and allowances $652,800

38,030 3. Collections of accounts receivable 4. Write-offs of accounts receivable deemed

uncollectible 5. Recovery of bad debts previously written off as uncollectible $2,883,800o

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

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