Goods for Less uses the balance sheet aging method to account for uncollectible debt on receivables. The following is the past-due category information for outstanding receivable debt for 2019.
To manage earnings more favorably, Goods for Less considers changing the past-due categories as follows.
A. Complete each table by filling in the blanks.
B. Determine the difference between totals uncollectible.
C. Describe the categories change effect on net income and accounts receivable.
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