Business, 15.04.2020 23:05 nayelirios

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 $43,430 and $3,380, respectively. During the year, the company wrote off $2,590 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 $ 68,000 1% 0-30 26,300 5% 31-60 6,560 10% 61-90 3,320 25% Over 90 3,000 50% Total $ 107,180

What will Domino record as Uncollectible Accounts Expense for Year 2?

a. $4,191

b. $1,601

c. $4,981

d. $2,590

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Domino Company uses the aging of accounts receivable method to estimate uncollectible accounts expen...

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