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Business, 02.04.2020 23:29 21hendlill

Domino Company ages its accounts receivable 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 Year 2, the company wrote off $2,640 in uncollectible accounts. In preparation for the company's estimate of uncollectible accounts expense for Year 2, Domino prepared the following aging schedule:Number of Days Past Due Receivables Amount % Likely to be Uncollectible Current $82,000 1% 0-30 $29,500 5% 31-60 $ 7,960 10% 61-90 $ 4,220 25% Over 90 $ 3,900 50% Total $127,580 What will Domino record as Uncollectible Accounts Expense for 2016?a. $6,096b. $2,296c. $5,116d. $2,820

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Domino Company ages its accounts receivable to estimate uncollectible accounts expense. Domino began...
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