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Mirror Mart uses the balance sheet agint method to account for uncollectible debt on receivables. The following the past due category wormation for standing receivable

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Mirror Mart uses the balance sheet agint method to account for uncollectible debt on receivables. The following the past due category wormation for standing receivable debt for 2019 0-30 days 31-90 days Over 90 days past due past de past du Accounts receivable amount $53,000 $31.000 $18,000 Percent uncollectible 0% 15% 30% Total per category 7 2 2 Total uncollectible To manage samnings more efficiently Mirror Mart decided to change past-due categories as follow 0-60 days 61-120 days Over 120 days past due past due past due 7 561.000 $11,000 Accounts receivable Amount Percent uncollectible 58.000 30 154 7 2 2 Total per category Total uncollectible Complete the following A. Complete each table by filling in the banks 0-30 days 31-90 days past due Over 90 days past due past due 531.000 $18.000 Accounts receivable amount Percent uncollectible 553.000 85 304 Total per category past due past due past due $53,000 $31.000 $18,000 8% 15% 30% Accounts receivable amount Percent uncollectible Total per category Total uncollectible 0-60 days Over 120 days 61-120 days past due past due past due $11,000 $8,000 8% 15% 30% Accounts receivable amount $81,000 Percent uncollectible Total per category Total uncollectible B. Determine the difference between total uncollegeible. a. C. How does the new total uncollectible amount affect net income and net accounts receivable? Bad debt expense is lower, net income is higher, and net receivables are higher. b. Bad debt expense is lower net income isshigher, and net receivables are lower. Bad debt expense is higher net income is lower, and net receivables are higher. d. Bad debt expense is higher net come is lower, and net receivables are lower C

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