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Domino Company uses the aging of accounts receivable method to estimate uncollectible accounts expense. Domino...

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Accounting

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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 $44,010 and $3,440, respectively. During the year, the company wrote off $2,620 in uncollectible accounts. In preparation for the company's Year 2 estimate, Domino prepared the following aging schedule: % Likely to be uncollectible 1% 5% Number of days past due Current 0-30 31-60 61-90 Over 90 Total Receivables amount $ 70,000 26,700 6,760 3,420 3,100 $109,980 10% 25% 50% What will Domino record as Uncollectible Accounts Expense for Year 2? ense for Year 2

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