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Business, 07.04.2020 21:44 icantspeakengles

Domino Company uses the percent of receivables method to estimate uncollectible accounts expense. Domino began 2016 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $46,310 and $3,650, respectively. During the year, the company wrote off $2,740 in uncollectible accounts. In preparation for the company's 2016 estimate, Domino prepared the following aging schedule: Number of Days Past Due Receivables Amount % Likely to be Uncollectible Current $77,000 1% 0-30 $28,400 5% 31-60 $ 7,460 10% 61-90 $ 3,920 25% Over 90 $ 3,600 50% Total $120,380 What will Domino record as Uncollectible Accounts Expense for 2016

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