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Please also include formulas. I know there were other questions with an answer for this but every time I enter an answer, it says its
Please also include formulas. I know there were other questions with an answer for this but every time I enter an answer, it says its incorrect? Am I typing it in wrong?
1. Prepare an aging of accounts receivable and compute bad debt expense. x] A 5 Aging of accounts receivable method - Excel ? X FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri -11 - A % Paste BIU- A Alignment Number Cells Editing Conditional Format as Cell Formatting* Table Styles Styles Clipboard Font C23 : fi A B D E F 1 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 Number of Days Unpaid 197 S 10 6 7 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 80 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 26 32 41 90 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: ,Step by Step Solution
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