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Table A summarizes the historical Accounts Receivables classifications and their default percentages in 2020 of your company. Table B lists the current customers of your
Table A summarizes the historical Accounts Receivables classifications and their default percentages in 2020 of your company. 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. (Do not use the $ sign. If your answer is $123,456.78, enter 123456.78) Table A 31-60 90+ A/R Classifications % of Unocollectible NDY 2% 1-30 days late 17% 61-90 32% 12% 45% Table B NDY 61-90 1-30 days late $500 90+ $1,000 2021 A/R Total A/R Customer A $2,000 Customer B $8,000 Customer C $5,000 NDY=Not Due Yet 31-60 $500 $1,000 $2,000 $4,000 $3,000 $2,000 $1,000
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