1. Prepare an aging of accounts receivable and compute bad debt expense. ? - 6 X 5. HOME FILE INSERT Sign in A Aging of accounts receivable method - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW F2 L A A A. Alignment Number Conditional Format as Cell Formatting Table Styles Calibri 1 11 E Cells Paste B TU 2. Clipboard Xercise Cycles Company sells exercise equipment to gyms on account. At year Xercise Cycles Company sells exercise equipment to gyms on account. At year end, the following accounts receivable were uncollected 3 Required: 4 1) Calculate the number of days unpaid, USING THE EXCEL DAYS FUNCTION (fx). Amount Number of Days Unpaid 2.300 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 15 Total 2.000 12,750 7.000 4,600 15,900 3.800 48,550 I nvoice 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 1 2/31/2016 17 2) Use the information above to complete the Aging of Accounts Receivable Schedule below. Create a formula for each oratory using the wrel IF and AND FUNCTIONS to determine where anch 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 (Ex) to determine where each customer amount belongs. 19 The IF statement may include the following arguments: ,>, CDEF - A 29 Workouts Unlimited 30 Total Accounts Receivable 31 Estimated Uncollectible( %) 32 Estimated Uncollectible ($) 0 2981 20% 40% 1 for Doubtful Accounts 34 3) Prepare the adjusting journal entry for recording bad debt 35 had the following unadjusted balance: 36 Allowance for Doubtful Accounts 5 - 5 S 9 25 L 38 Bad Debt Expense 39 Allowance for Doubtful Accounts J / / / 7 ecording bad debt for Doubtful Accounts 5 41 4) Prepare the adjusting journal 42 had the following unadjusted ba 43 Allowance for Doubtful Account $100 debit balance L 45 Bad Debt Expense 46 Allowance for Doubtful