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, the company wrote off $2,590 in uncollectible accounts. In preparation for the company's Year 2 estimate, Domino prepared the following aging schedule: Number of days Receivables % Likely to be past due amount uncollectible Current $ 68,000 1% 0-30 26,300 5% 31-60 6,560 10% 61-90 3,320 25% Over 90 3,000 50% Total $ 107,180 What will Domino record as Uncollectible Accounts Expense for Year 2? Multiple Choice $4,191 $1,601 $4,981 $2,590

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, the company wrote off $2,590 in uncollectible accounts. In preparation for the company's Year 2 estimate, Domino prepared the following aging schedule % Likely to be uncollectible 1% 5% 10% 25% 50% Number of days past due Receivables amount Current 0-30 31-60 61-90 Over 90 Total $68,006e 26,300 6,560 3,320 3,000 $107,186e What will Domino record as Uncollectible Accounts Expense for Year 2? Multiple Choice $4,191 $1,601 $4,981 $2,590