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Business, 16.03.2020 20:18 breemills9552

Domino Company uses the aging of accounts receivable method to estimate uncollectible accounts expense. Domino began Year 2 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $43,050 and $3,350, respectively. During the year, the company wrote off $2,570 in uncollectible accounts. In preparation for the company's Year 2 estimate, Domino prepared the following aging schedule: Number of days Receivables % Likely to be past due amount uncollectible Current $ 67,000 1% 0-30 26,000 5% 31-60 6,460 10% 61-90 3,220 25% Over 90 2,900 50% Total $ 105,580 What will Domino record as Uncollectible Accounts Expense for Year 2?

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