1. Prepare an aging of accounts receivable and compute bad debt expense. 3 5 Aging of accounts receivable method - Excel FILE HOME INSERT PAGE LAYOUT ? ES - FORMULAS 5 X DATA REVIEW VIEW Calibri - 11 Sign In Paste BIU- - - A A % A Alignment Number Conditional Format as Cell Formatting Table Styles M Clipboard Cells Font Editing A1 Styles X f Xercise Cycles Company sells exercise equipment to gyms on account. At year A B D 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 6 Number of 7 Customer Amount Invoice Date Today's Date 8 Fitness Mania Days Unpaid $ 2,500 6/17/2016 12/31/2016 Health for Life 2,000 12/21/2016 10 Holistic Health Options 12/31/2016 12,750 10/12/2016 12/31/2016 11 mac Reimane 7. 12/5/2016 12/21/2016 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: <.>.>, .>,