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Help 3) Domino Company uses the aging of accounts receivable method to estimate uncollectible accounts expense. Domino began Year 2 with balances in Accounts Receivable
Help 3) 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 $40,550 and S3110, respectively. During the year, the company wrote off $2440 in uncollectible accounts. In preparation for the company's Year 2 estimate, Domino prepared the following aging schedule: Number of days past due % Likely to be uncollectible Receivables amount Current 0-30 31-60 61-90 Over 90 Total S 59,000 24,200 5660 2720 2400 $ 93,980 196 590 10% 25% 50% 2 What will Domino record as Uncollectible Accounts Expense for Year 2? A) $4246 B) $2440 C) S1136 D) $3576
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