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Table A Historical A/R Classifications Not Due Yet (NDY) 1-30 days late 31-60 days late 61-90 days late 90+ days late Default Percentages 3% 5%
Table A Historical A/R Classifications Not Due Yet (NDY) 1-30 days late 31-60 days late 61-90 days late 90+ days late Default Percentages 3% 5% 8% 17% 28% 2021 A/R Customer A Customer B Customer C Table B Amounts to be Collected NDY 1-30 days late 31-60 61-90 $2,000 $500 $500 $8,000 $4,000 $1,000 $3,000 $5,000 $2.000 $2.000 90+ $1,000 $1,000 Table A summarizes the historical Accounts Receivables classifications and their default percentages in 2020. Table B lists the current customers of your company and how much they owe. You, as a Junior Accountant, are asked to perform a Aging Schedule by your supervisor. Calculate the Net A/R based on the historical default percentages
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