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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 $38,630 and $2,930, respectively. During the year, the company wrote off $2,340 in uncollectible accounts. In preparation for the company's Year 2 estimate, Domino prepared the following aging schedule: % Likely to be uncollectible Number of days Receivables amount past due Current 0-30 31-60 61-90 Over 90 Total $53,000 22,800 5,060 2,320 2,000 $85,180 1% 58 10% 25% 50% What will Domino record as Uncollectible Accounts Expense for Year 2? Multiple Choice $3,756 Choic

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