I need the excel formulas for the information below, please!
Xercise Cycles Company has provided its year ended accounts receivables that were uncollected. The Controller has asked you to help prepare the Aging of Accounts Receivable Schedule and the corresponding journal entries. Use the information included in the Excel Simulation and the Excel functions described below to complete the task.
Xercise Cycles Company has provided its year ended accounts receivables that were uncollected. The Controller has asked you to help prepare the Aging of Accounts Receivable Schedule and the corresponding journal entries.
REQUIRED:
1. CALCULATE THE NUMBER OF DAYS UNPAID USING THE EXCEL FX----ALREADY ANSWERED NEED QUESTIONS: 2,3,4
2. USE THE INFORMATION ABOVE TO COMPLETE AR SCHEDULED BELOW---CREATE A FORMULA FOR EACH CATEGORY USING EXCEL "IF" AND "AND" FUNCTION (FX) TO DETERMINE WHERE EACH CUSTOMER ACCOUNT BELONG
**THE IF STATEMENT MAY INCLUDE ,>=, EXCEL AND FUNCTION (FX)
3. PREPARE THE ADJUSTING JE FOR RECORDING BAD DEBT EXPENSE IF THE ALLOWANCE FOR DOUBTFUL ACCOUNTS HAD THE FOLLOWING ADJUSTMENT BALANCE.
4. SAME AS #3 PREPARE THE ADJUSTING JE FOR RECORDING BAD DEBT EXPENSE IF THE ALLOWANCE FOR DOUBTFUL ACCOUNTS HAD THE FOLLOWING ADJUSTMENT BALANCE. 
Question 4 is the same as question 3 except the amount is 100 debit balance
- 8 - Excel Assignment Help Save & Exlts You received partial credit in the previous attempt. View previous atte R24 7.000 Customer 23 Fitness Mania 24 Health for Life 25 Holistic Health Options 26 Image Reimaging 27 Today's Gym World 28 Whole Life Fitness Center 29 Workouts Unlimited 30 Total Accounts Receivable 31 Estimated Uncollectible( %) 32 Estimated Uncollectible (8) 61-90 Over 90 Total $0 $2,500 SO 12,750 =ifand(E10.90) $10,0) 0 =ifand(e11>90) 11,0) 0-if(and(ell>90) 511,0) 0 0 3,800 =if(and(e14>90) b14.0) 16,550 0 2005 405 3,310 15,900 ol $ 9,000 $ 29 180S 20,500 10% 2.050 $ exce.htm W 2920 px MacBook Air Le Assignment Help Save & B You received partial credit in the previous attempt. View previa 29 Workouts Unlimited 30 Total Accounts Receivable 31 Estimated Uncollectible( %) 32 Estimated Uncollectible ($) $ 9,000 $ $ 2% 20,500 10% 2,050 3.800 =if(and(e14590) 514.0) 16,550 20% 3,310 S 1 80 $ 34 3) Prepare the adjusting journal entry for recording bad debt expense if the Allowance for Doubtful Accounts 35 had the following unadjusted balance: 36 Allowance for Doubtful Accounts $250 credit balance 38 Bad Debt Expense 39 Allowance for Doubtful Accounts Prev 1 of 1 2 Next 20 p. x w U C eci ucation.com/flow/connect.html come / Login -- Grece - Google Sea. 8 - Excel Assignment i Saved Help Save & Exit You received partial credit in the previous attempt. View previous attu Themes Page Setup Scale to Ft Xercise Cycles Company sells exercise equipment to gyms on account. At year IS Days Unpaid 197 2016 1 0 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 Book Amount 2,500 2.000 12.750 7,000 4,600 4,600 15,900 3.800 48,550 D Today's Date 12/31/2016 12/31/2016 12/31/2016 12/31/2016 12/31/2016 12/31/2016 12/31/2016 I nvoice Date 6/17/2016 12/21/2016 10/12/2016 12/5/2016 11/29/2016 11/20/2016 10/2/2016 80 26 Print $ 17 2) Use the information above to complete the Aging of Accounts Receivable Schedule below. * Create a formula for each age category, using the Excel IF and AND FUNCTIONS (Ex) to determine where each Prey 1 of 1 !! Next 20 21 px w $ 4 Hep Save & Exit Submit You received partial credit in the previous attempt. View previous attempt Xercise Cycles Company sells exercise equipment to gyms on account. At year BC Customer 23 Fitness Mania 24 Health for Life 25 Holistic Health Options 26 Image Reimaging 27 Today's Gym World 28 Whole Life Fitness Center 29 Workouts Unlimited 30 Total Accounts Receivable 31 Estimated Uncollectible( %) 32 Estimated Uncollectible ($) Number of Days Unpaid 0-30 31-60 61-90 Over 90 $0 $0 $0 $2,500 2. 0000 0 0 0 12.750 0 7. 0000 0 0 o 4 ,600 0 =if(and(ell>90) $11,0) 0 15. 900 0 0 0 3 ,800 -if(and(e1490) 514,0) 9,000 $ 20,500 $ 16,550 0 29 10% 20% 40% 180 $ 2.050 $ 3,310 0 $ Prey 1 of 1 !!! Next > NON o 21 px WA MacBook Air W the previous attempt. X Xercise Cycles Company sells exercise equipment to gyms on account. At 35 had the following unadjusted balance: 36 Allowance for Doubtful Accounts $250 credit balance 38 Bad Debt Expense 39 Allowance for Doubtful Accounts 41 4) Prepare the adjusting journal entry for recording bad debt expense if the Allowance for Doubtful Accounts 42 had the following unadjusted balance: 43 Allowance for Doubtful Accounts $100 debit balance 45 Bad Debt Expense 46 Allowance for Doubtful Accounts Prey 1 of 1 !!! Next > a 21 ex w MacBook Air
