Question: 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
A/R Classifications NDY 1-30 days late 31-60 61-90 90+
% of Unocollectible 2% 7% 12% 32% 45%

Table B
2021 A/R Total A/R NDY 1-30 days late 31-60 61-90 90+
Customer A $2,000 $500 $500 $1,000
Customer B $8,000 $4,000 $1,000 $3,000
Customer C $5,000 $2,000 $2,000 $1,000

NDY= Not Due Yet

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