Business
Business, 31.07.2019 03:20, jxeidy8284

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 $39,590 and $3,020, respectively. during the year, the company wrote off $2,390 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 $ 56,000 1% 0-30 23,500 5% 31-60 5,360 10% 61-90 2,520 25% over 90 2,200 50% total $ 89,580 what will domino record as uncollectible accounts expense for year 2?

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