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Question - At January 1, 2022, D-341 Company reported an allowance for doubtful accounts with a $23,480 credit balance. During 2022, D-341 Company wrote-off as uncollectible accounts receivable totaling $11,330. At December 31, 2022, D-341 Company prepared the aging schedule below:
Accounts Receivable
% Uncollectible
Not past due
$201,000
2%
1-45 days past due
$141,000
5%
46-90 days past due
$81,000
9%
91-135 days past due
$39,000
17%
Over 135 days past due
$29,000
25%
Based on the above aging schedule, D-341 Company estimated its bad debt expense to be $12,240 for 2022.
Required - Find the amount of recoveries recorded by D-341 Company during 2022.
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