Mirror Mart 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 efficiently, Mirror Mart decided to change past-due categories as follows.
Complete the following.
A. Complete each table by filling in the blanks.
B. Determine the difference between total uncollectible.
C. Explain how the new total uncollectible amount affects net income and accounts receivable.
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