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Business, 20.06.2020 17:57 maribelsalgado3

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 $40,550 and $3,110, respectively. During Year 2, the company wrote off $2,440 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 $ 59,000 1 % 0-30 24,200 5 % 31-60 5,660 10 % 61-90 2,720 25 % Over 90 2,400 50 % Total $ 93,980 What amount will be reported as uncollectible accounts expense on the Year 2 income statement

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