Get External Data B32 fx A B Connections Sort & Filter D E F 1 2 Xercise Cycles Company sells exercise equipment to gyms on account. At year end, the following accounts receivable were uncollected. 3 Required: 41) 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 197 9 Health for Life 2,000 12/21/2016 12/31/2016 10 10 Holistic Health Options 11 Image Reimaging 12,750 10/12/2016 12/31/2016 80 7,000 12/5/2016 12/31/2016 26 12 Today's Gym World 4,600 11/29/2016 12/31/2016 32 13 Whole Life Fitness Center 14 Workouts Unlimited 15 Total $ 15,900 3,800 48,550 11/20/2016 12/31/2016 41 10/2/2016 12/31/2016 90 16 17 2) Use the information above to complete the Aging of Accounts Receivable Schedule below. 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: ,>=, Get External Data Connections Sort & Filter B32 fx A B D E F 21 22 Customer 0-30 Number of Days Unpaid 31-60 61-90 Over 90 Total 23 Fitness Mania $0 24 Health for Life 25 Holistic Health Options 26 Image Reimaging 27 Today's Gym World 28 Whole Life Fitness Center 29 Workouts Unlimited 30 Total Accounts Receivable 31 Estimated Uncollectible( %) 2% 10% 20% 40% 32 Estimated Uncollectible ($) H 33 34 3) Prepare the adjusting journal entry for recording bad debt expense if the Allowance for Doubtful Accounts 35 had the following unadjusted balance: 36 Allowance for Doubtful Accounts 37 $250 credit balance 38 Bad Debt Expense 39 Allowance for Doubtful Accounts 40 41 4) Prepare the adjusting journal entry for recording bad debt expense if the Allowance for Doubtful Accounts 42 had the following unadjusted balance: 43 Allowance for Doubtful Accounts $100 debit balance