Reference no: EM132660163

At January 1, 2022, D-341 Company reported an allowance for doubtful accounts with a $23,950 credit balance. During 2022, D-341 Company wrote-off as uncollectible accounts receivable totaling $11,360. At December 31, 2022, D-341 Company prepared the aging schedule below:

                              Accounts Receivable           % Uncollectible

not past due             $211,000                             2%
1-45 days past due     $137,000                         7%
46-90 days past due     $ 90,000                           9%
91-135 days past due   $ 57,000                            17%
over 135 days past due   $ 29,000                        24%

Based on the above aging schedule, D-341 Company estimated its bad debt expense to be $12,240 for 2022.

Problem 1: Calculate the amount of recoveries recorded by D-341 Company during 2022.