December 31, 2016, when its Allowance for Doubtful Accounts had a debit balance of $1,534, Indigo Corporation estimates that 8% of its accounts rec wable L. On balance of $74,100 will become uncollectible and records the necessary adjustment to Allowance for Doubtful Accounts. 2. On May 11, 2017, Indigo Corporation determined that B. Jared's account was uncollectible and wrote off $1,171. 3. On June 12, 2017, Jared paid the anount previously written off Prepare the journal entries on December 31, 2016, May 11, 2017, and June 12, 2017. (Credit account titles are automatically indented when amount is enter Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. December 31, 2016 2. May 11, 2017 3. June 12, 2017 (To reinstate account previously written off)