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Calculate the amount of recoveries recorded

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Problem - At January 1, 2022, D-341 Company reported an allowance for doubtful accounts with a $25,970 credit balance. During 2022, D-341 Company wrote-off as uncollectible accounts receivable totaling $11,840. At December 31, 2022, D-341 Company prepared the aging schedule below:

 

Accounts Receivable

% Uncollectible

not past due

$214,009

2%

1-45 days past due

$131,000

5%

46-90 days past due

$87,080

9%

91-135 days past due

$68,080

16%

over 135 days past due

$29,000

27%

Based on the above aging schedule, D-341 Company estimated its bad debt expense to be $12, 750 for 2022.

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

Reference no: EM132695200

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