Bulldog Auto Service was started on January 1, 2014. The company experienced the following events during its first two years of operation:

Events Affecting 2014 1. Provided $45,000 of repair services on account. 2. Collected $32,000 cash from accounts receivable. 3. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the service revenue on account.

Events Affecting 2015 1. Wrote off a $320 account receivable that was determined to be uncollectible. 2. Provided $65,000 of repair services on account. 3. Collected $66,000 cash from accounts receivable. 4. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the service revenue on account.