At January 1, 2022, D-341 Company reported an allowance for doubtful accounts with a $23,790...
60.1K
Verified Solution
Link Copied!
Question
Accounting
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
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
