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At January 1, 2022, D-341 Company reported an allowance for doubtful accounts with a $23,790 credit balance. During 2022, D-341 Company wrote-off as uncollectible accounts
At January 1, 2022, D-341 Company reported an allowance for doubtful accounts with a $23,790 credit balance. During 2022, D-341 Company wrote-off as uncollectible accounts receivable totaling $11,170. At December 31, 2022, D-341 Company prepared the aging schedule below: Accounts Receivable not past due $209,000 1-45 days past due $148,000 46-90 days past due $ 84,000 91-135 days past due $ 43,000 over 135 days past due $ 29,000 % Uncollectible 2% 8% 9% 18% 25% Based on the above aging schedule, D-341 Company estimated its bad debt expense to be $12,850 for 2022. Calculate the amount of recoveries recorded by D-341 Company during 2022
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