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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

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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, t uncollectible accounts. In preparation for the company's Year 2 estimate, Domino prepared the following aging schedule he company wrote off $2.590 in Number of days ReceivablesLikely to be past due amount Current 0-30 31-60 61-90 Over 90 Total S 68,000 26,300 6,560 3,320 3,000 $107,180 uncollectible 1% 58 109 258 50% What will Domino record as Uncollectible Accounts Expense for Year 2? Multiple Choice $1,601 $4,981

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