? 1 XD Aging of accounts receivable method - Excel FILE HOME INSERT PAGE FORMULAS DATA REVIEW VIEW Sign In Colors o Width Autom IO A Fonts Heigl Autom Them Sheet Margi Orientat Size Print BreakBackgrouPrint Effects Area Titles Scale: 1009 Options Themes Page Setup Scale to Fit A1 fx Xercise Cycles Company sells exercise equipment to gyms on accoun A B D E F Xercise Cycles Company sells exercise equipment to gyms on account. At year end, the following accounts receivable 1 were uncollected. 2 3 Required: 4 1) Calculate the number of days unpaid, USING THE EXCEL DAYS FUNCTION (fx). 5 6 Number of 7 Customer Amount Invoice Date Today's Date Days Unpaid 8 Fitness Mania $ 2,500 6/17/2016 12/31/2016 9 Health for Life 2,000 12/21/2016 12/31/2016 10 Holistic Health Options 12,750 10/12/2016 12/31/2016 11 Image Reimaging 7,000 12/5/2016 12/31/2016 12 Today's Gym World 4,600 11/29/2016 12/31/2016 13 Whole Life Fitness Center 15,900 11/20/2016 12/31/2016 14 Workouts Unlimited 3,800 10/2/2016 12/31/2016 15 Total $ 48,550 16 17 2) Use the information above to complete the Aging of Accounts Receivable Schedule below. Create a formula for each age category, using the Excel IF and AND FUNCTIONS (fx) to determine where each 18 customer amount belongs. 19 The IF statement may include the following arguments: ,>, ,>,