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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 $44,390 and $3,470, respectively. During the year, the company wrote off $2,640 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 past due amount Current $ 71,000 0-30 27,000 31-60 6,860 61-90 3,520 Over 90 3,200 Total $111.580 5% 108 250 508 What will Domino record as Uncollectible Accounts Expense for Year 2? Multiple Choice What will Domino record as Uncollectible Accounts Expense for Year 2? Multiple Choice $2,640 $4,396 $5,226 $1,756

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