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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 $46,890 and $3,710, respectively. During the year, the company wrote off $2.770 in uncollectible accounts. In preparation for the company's Year 2 estimate, Domino prepared the following aging schedule: Number of days Receivables amount past due Current 0-30 31-60 61-90 Over 90 Total 79,000 28,800 7,660 4,020 3,700 $123,180 % Likely to be uncollectible 1% 5% 10% 25% 50% What will Domino record as Uncollectible Accounts Expense for Year 2? Multiple Choice S2141 Multiple Choice $2,141 $5,851 $4.911 $2.770

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