1. Prepare an aging of accounts receivable and compute bad debt expense. 2 FILE HOME INSERT VIEW Calibri 11 Aging of accounts receivable method - Excel PAGE LAYOUT FORMULAS DATA REVIEW Sign In A A % Alignment Number Conditional Format as Cell Cells Editing Formatting Table Styles Styles for xercise Cycles Company sells exercise equipment to gyms on account. At year Paste BIU Clipboard Font A1 A D Xercise Cycles Company sells exercise equipment to gyms on account. At year end, the following accounts receivable were uncollected. 2 3 Required: 1) Calculate the number of days unpaid, USING THE EXCEL DAYS FUNCTION (fx). Number of Days Unpaid Customer 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 Amount 2,500 2,000 12,750 7,000 4,600 15,900 3,800 $ 48,550 Invoice Date 6/17/2016 12/21/2016 10/12/2016 12/5/2016 11/29/2016 11/20/2016 10/2/2016 Today's Date 12/31/2016 12/31/2016 12/31/2016 12/31/2016 12/31/2016 12/31/2016 12/31/2016 15 Total 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: >>, , >,