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Calculate the amount of recoveries recorded

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Question - 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.

Required - Calculate the amount of recoveries recorded by D-341 Company during 2022.

Reference no: EM132682973

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