I

Indigo Company began the year with the beginning balances shown below and experienced these transactions: 1. Wrote off $500 of accounts receivable that were deemed uncollectible. 2. Provided $10,000 of services on account. 3. Collected $15,000 cash from accounts receivable. 4. Received $100 from a bad debt that had been previously written off. Reinstated the account. 5. Recorded the $100 cash received from the receivable reinstated in Event No. 4. 6. Estimated uncollectible accounts expense to be 2 percent of credit sales