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A B E 1 2 Xercise Cycles Company sells exercise equipment to gyms on account. At year end, the following accounts receivable were uncollected.
A B E 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 8698 Number of 7 Customer 8 Fitness Mania Amount $ 2,500 Invoice Date Today's Date Days Unpaid 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 wwwwww7,000 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 14 Workouts Unlimited 15 Total 3,800 48,550 11/20/2016 10/2/2016 12/31/2016 12/31/2016 41 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: ,>,
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