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Business, 04.04.2020 10:30 brysonsandridge69041

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 $45,930 and $3,620, respectively. During the year, the company wrote off $2,720 in uncollectible accounts. In preparation for the company's Year 2 estimate, Domino prepared the following aging schedule: Number of days Receivables % Likely to be past due amount uncollectible Current $ 76,000 1% 0-30 28,100 5% 31-60 7,360 10% 61-90 3,820 25% Over 90 3,500 50% Total $ 118,780 What will Domino record as Uncollectible Accounts Expense for Year 2?

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