Question: help please with formulas, rather than simply putting the numbers. cel Saved Help A 6 7 B D E 1 Xercise Cycles Company sells exercise

help please with formulas, rather than simply putting the numbers.  help please with formulas, rather than simply putting the numbers. cel
Saved Help A 6 7 B D E 1 Xercise Cycles Company
sells exercise equipment to gyms on account. At year end, the following

cel Saved Help A 6 7 B D E 1 Xercise Cycles Company sells exercise equipment to gyms on account. At year end, the following accounts receivable were uncollected 2 3 Required: 4 1) Calculate the number of days unpaid, USING THE EXCEL DAYS FUNCTION (fx). 5 Number of 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 12,750 10/12/2016 12/31/2016 80 11 Image Reimaging 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 15,900 11/20/2016 12/31/2016 41 14 Workouts Unlimited 3,800 10/2/2016 12/31/2016 90 15 Total $ 48,550 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: >, , > ,

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!