Reference no: EM132385750
Question
At January 1, 2022, Betty DeRose, Inc. had an allowance for bad debts with a $12,610 credit balance. Betty recorded bad debt expense of $31,470 for 2022. At December 31, 2022, Betty prepared the following aging schedule:
Accounts Receivable % Uncollectible
not past due $165,000 2%
1-30 days past due 64,000 6%
31-60 days past due 53,000 13%
61-90 days past due 31,000 28%
over 90 days past due 14,000 41%
Calculate the amount of accounts receivable Betty wrote-off as uncollectible during 2022.
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