Domino Company uses the aging of accounts receivables method to estimate uncollectible accounts expense. Domino began year
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Question:
Domino Company uses the aging of accounts receivables method to estimate uncollectible accounts expense. Domino began year 2 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $34,430 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:
What will Domino record as Uncollectible Accounts Expense for Year 2?
Multiple Choice
a. $4,191
b. $1,601
c. $4,981
d. $2,590
Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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