The AR AGING Report takes into consideration which activity date?

Hello, during the opening balance, we created an AR Invoice and accounted in 31/12/2019.

Then we created a credit memo to reverse it, the activity date was 7/5/2023 and accounted in 31/12/2019.

To fix the issue, I created a refund to unapply the first credit memo with the same activity date and accounting date, and then I created a second credit memo with the correct dates: activity date 31/12/2019 and accounting date 31/12/2019.

Does the AR Aging report takes into consideration the activity date of the old credit memo that has been refunded or it takes the date of the new credit memo?

Thank you