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Calculate the amount of accounts receivable

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Question - At January 1, 2038, A Company reported an allowance for doubtful accounts with a $17,870 credit balance. During 2038, A Company recorded recoveries of previously written-off accounts receivable in the amount of $10,710. At December 31, 2038, A Company prepared the following aging schedule:

 

Accounts Receivable

% Uncollectible

not past due

$132,200

3%

1-60 days past due

67,100

7%

61-120 days past due

42,900

12%

121-180 days past due

26,700

19%

over 180 days past due

31,400

38%

Based on the aging schedule above, A Company recorded bad debt expense of $39,830 for 2038. Calculate the amount of accounts receivable.

Reference no: EM132801949

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