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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
Domino Company uses the aging of accounts receivable method to estimate uncollectible accounts expense. Domino began Year with balances in Accounts Receivable and Allowance for Doubtful Accounts of $ and $ respectively. During the year, the company wrote off $ in uncollectible accounts. In preparation for the company's Year estimate, Domino prepared the following aging schedule:
tabletableNumber of DaysPast DuetableReceivablesAmounttablePercentageLikely to BeUncollectibleCurrent$
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