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Please answer the questions as formulas 1. Prepare an aging of accounts receivable and compute bad debt expense. FILE REVIEW Paste Font 23. 5. Aging
Please answer the questions as formulas
1. Prepare an aging of accounts receivable and compute bad debt expense. FILE REVIEW Paste Font 23. 5. Aging of accounts receivable method - Excel ? HOME INSERT PAGE LAYOUT FORMULAS DATA VIEW Sign In Calibri - 11 SAA %6 M BIU... A . Alignment Number Conditional Format as Cell Cells Editing Formatting Table Styles Clipboard Styles AL Xercise Cycles Company sells exercise equipment to gyms on account. At year D 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 (Ex). E Number of Days Unpaid $ 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 Amount 2.500 2,000 12,750 7.000 4.600 15.900 3,800 Invoice Date 6/17/2016 1221/2016 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 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 (fx) to determine where each customer amount belongs. The IF statement may include the following arguments: <.>.>, Step by Step Solution
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