PLEASE USE THE FORMULAS required for questions 2-4 i have tried every chegg solution to this problem and none of them have been correct

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 Cell Reference: Allows you to refer to data from another cell in the worksheet From the Excel Simulation below, if in a blank cell-B8' was entered, the formula would output the result from cell 8. or $2.500 in this example Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys. (plus sign to add). - (minus sign to subtract)." (asterisk sign to multiply), and/fforward stash to dividel From the Excel Simulation below, itin a blank cell-811-812 was entered the formula would add the values from those cells and output the result of 11600 in this example. If using the other math symbols the result would output on appropriate answer for its function SUM function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges to utilize this function. From the Excel Simulation below, if in a blank cell SUM(811812,113}" was ontered the formula would output the result of adding those three separate colls, or 27.500 in this example. Similarly, if in a blank coll"SUM011 013)" was entered the formulo would output the some result of adding those cells, except they are expressed as a range in the formula and the result would be 22500 in this example, IF function: Allows you to test a condition and return a specific value is the result is true and different value of the result is false. The syntax of the IF function is if(test condition value the value. Il faise and specific considerations need to be made when using this function The test.condition argument is an evaluation of the status of a coll, such as if the value of a cell is greater than less than or equal to another number or cell. The value./true and value..lase arguments will return any specific result for each option such as another coll reference. a value, or text. Throughout the entire equation, if text is being used in the rest.condition were or value false arguments then the text itself should be entered in quotations so that Excel will recognize the text as a string of text instead of another function from the Excel Simulation below. If in a blank cell-IF(815>20000,"AR is high AR is low was entored the formula would output the result of the value me since the fest.condition would be result as true, or in this case the text ARS Excel processes the IF function by separating it out into separate parts. First the rest.condition - Excel thinks, nind col B15 and determine if the value is greater than 20000 Once Excel determines if the result of that fost condition is TRUE FALSE, it will return the value or value. Il labe AND function: Allows you to check if multiple conditions result as TRUE The syntax of the AND Runction AND log cart logica 2.) where logical and logical2 are the conditions being tested. These conditions can be used to evaluate other cells, such as greater than less than, equal to. From the Excel Simulation below, if in a blank collANDB>1000.090-1000) was entered the formula would output the word TRUE since both of the logical test conditions are true. Since the result will provide with a TRUE FALSE result, the function is frequently used as the test condition argument of an IF function For example, in a blank coll FAND(88-1000 B9>10001 Low AR accounts, High AR accounts was entered the formula would output the result of Low AR accounts The if function evaluates if the entire AND function provides a TRUE result, and as such outputs the valve/true if the AND function does not result as TRUE, tho IF function would output the result for value. Claise. When using multiple functions. called nesting function, it is very important that the Forside New Delete Previous Next Comment Comments Comments Show Ink Changes Proofing Language B26 D E 1 C F 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 6 Number of 7 Customer Amount Invoice Date Today's Date Days Unpaid 8 Fitness Mania $ 2,500 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 7,000 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 11/20/2016 12/31/2016 41 14 Workouts Unlimited 3,800 10/2/2016 12/31/2016 90 15 Total S 48,550 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: , arch C BE A of Finan Question Project Part 2 - Con X Xercise Cycles Company has pro X CALL ANSWERS Should Belo @ https://ezto.mheducation.com/ext/map/index.html?con=con&external_browser=0&launchurl=https%253A%25232 Part 20 Sved v B26 1 x f D E 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: ,