What are bad debts? What is the installment method? What are three differences between accounts receivable and notes receivable? 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. Complete each table by filling in the blanks. A. Accounts receivable amount Percentage uncollectible Total per category Total uncollectible A. Accounts receivable amount Percentage uncollectible Total per category Total uncollectible 0-30 days past due 0-60 days past due $50,000 8% $80,000 8% 31-90 days past due $30,000 15% 61-120 days past due Determine the difference between total uncollectible. Explain how the new total uncollectible amount affects net income and accounts receivable. $10,000 15% Over 90 days past due $15,000 30% Over 120 days past due $5,000 30%

- What are bad debts? What is the installment method? - What are three differences between accounts receivable and notes receivable? - Mirror Mart uses the balance sheet aging method to aceount for uncollectible debt on receivables. The following is the past-due category informatioe for oststanding receivable debt for 2019. To manage carnings more efficiently. Mirror Mart decided to change past-due calegories as followr. Conplete the following. - Complete cach table by filling in the blanks. PAATA - Determine the difference between total uncollectible. - Explain how the new total uncollectible amount affects net income and accounts receivable