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At January 1,2024, Hologic, Inc. reported an allowance for doubtful accounts with $26,000 credit balance....

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Accounting

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At January 1,2024, Hologic, Inc. reported an allowance for doubtful accounts with $26,000 credit balance. During 2024 Hologic wrote-off as uncollectible accounts receivable totaling $37,000. At December 31, 2024, Hologic prepared the aging schedule below: Accounts Receivable %Uncollectible $227,000 1% not past due $163,000 7% 1-39 days past due $102,000 11% 40-79 days past due 80-119 days past due $ 83,000 22% over 119 days past due. $ 36,000 48% Based on the above aging schedule, Hologic's bad debt expense for 2024 was estimated to be $59,000. Calculate the amount of recoveries recorded by Hologic, Inc

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