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Business, 04.07.2020 21:01 solisemily62

Domino Company ages its accounts receivable to estimate uncollectible accounts expense. Domino began Year 2 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $43,050 and $3350, respectively. During Year 2, the company wrote off $2570 in uncollectible accounts. In preparation for the company's estimate of uncollectible accounts expense for Year 2, Domino prepared the following aging schedule:Number of Days Past Due Receivables Amount % Likely to be collectibleCurrent $67,000 1%0-30 26,000 5%31-60 6460 10%61-90 3230 25%Over 90 $2,900 50%Total 105,580 What amount will be reported as bad debts expense on the Year 2 income statement? a. $4091 b. $4871 c. $2570 d. $1521

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