Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. at january 1, 2022, d-341 company reported an allo

At January 1, 2022, D-341 Company reported an allowance for doubtful accounts with a $23,4...

60.1K

Verified Solution

Question

Accounting

image
At January 1, 2022, D-341 Company reported an allowance for doubtful accounts with a $23,4 credit balance. During 2022, D-341 Company wrote-off as uncollectible accounts receivable totaling $11,530. At December 31, 2022, D-341 Company prepared the aging schedule below: % Uncollectible 2% Accounts Receivable not past due $206,000 1-45 days past due $139,000 46-90 days past due $ 83,000 91-135 days past due $ 76,000 over 135 days past due $ 29,000 6% 9% 15% 25% Based on the above aging schedule, D-341 Company estimated its bad debt expense to be $12,450 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!
Become a Member

Other questions asked by students

Q

Make up a Bayes example from DAILY life(Create your own exaample) First write question and analyze your...

Advance Math
Q

In pea plants purple flowers P are dominant over white flowers p If two heterozygous...

Biology
Q

A converging beam of rays is incident on a diverging lens Having passed through the...

Physics
Q

If the kinetic energy of a satellite orbiting around the earth is doubled then A...

Physics
Q

The total cost of attending a state university is $18,500for the first year.Stephen's grandparents will...

Basic Math
Q

If the probability of an event is 33/59 what is the probability of the event...

Statistics
Q

Organa Corp's T-account for cash, along with its beginning balance is presented below. The tran...

Accounting
Q

What is the difference between current ratio and quick ratio. Explain with example ?

Accounting
Q

Required information Gable Company uses three activity cost pools. Each pool has a cost driver....

Accounting
Q

12. $ You decide to save $250 every month for the next five years so...

Accounting
Q

managers must decide whether a product should be sold at splitoff or processed further. the...

Accounting
Q

You've borrowed $26,288 on margin to buy shares in Ixnay, which is now selling at...

Finance