6.66 points eBook Print References FILE Paste BS- A1 1. Prepare an aging of accounts receivable and compute bad debt expense. Clipboard F HOME READY Calibri BIU A INSERT Y Customer Font X Customer Sheet1 PAGE LAYOUT 4 11 A A A $ Aging of accounts receivable method - Excel 4 $ % Alignment Number FORMULAS B C 1 Xercise Cycles Company sells exercise equipment to gyms on account. At year end, the following accounts receivable were uncollected. Conditional Format as Cell Formatting Table - Styles Styles fx Xercise Cycles Company sells exercise equipment to gyms on account. At year 2 3 Required: 4 1) Calculate the number of days unpaid, USING THE EXCEL DAYS FUNCTION (fx). 5 6 7 8 Fitness Mania 9 Health for Life 10 Holistic Health Options 11 Image Reimaging 12 Today's Gym World 13 Whole Life Fitness Center 14 Workouts Unlimited 15 Total Amount DATA 2,500 2,000 12,750 7,000 4,600 15,900 3,800 48,550 0-30 Invoice Date REVIEW T 6/17/2016 12/21/2016 10/12/2016 12/5/2016 11/29/2016 11/20/2016 10/2/2016 D Today's Date VIEW 1 12/31/2016 12/31/2016 12/31/2016 12/31/2016 12/31/2016 12/31/2016 12/31/2016 16 17 2) Use the information above to complete the Aging of Accounts Receivable Schedule below. Cells Number of Days Unpaid 31-60 61-90 E ? Number of Days Unpaid Editing 18 Create a formula for each age category, using the Excel IF and AND FUNCTIONS (fx) to determine where each customer amount belongs. 19 The IF statement may include the following arguments: , >=,

1. Prepare an aging of accounts receivahie and nammite had HAL. 3) Prepare the adjusting journal entry for recording bad debt expense if the Allowance for Doubtful Accounts had the followine unadineted halance. 3) Prepare the adjusting journal entry for recording bad debt expense if the Allowance for Doubtful Accounts had the following unadiusted balance. 4) Prepare the adjusting journal entry for recording bad debt expense if the Allowance for Doubtful Accounts had the following unadjusted balance