Preparing an Aging of Accounts Receivable Schedule using Excel's AND, DAYS and IF Functions Company has provided its year ended accounts receivables that were uncollected The Controller has asked you to help prepare le and the corresponding journal entries. Use the information included in the Excel Simulation and the the Aging of Accounts Receivable Schedul Excel functions described below to complete the task 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 B8, or $2.500 in this example . Basic Math functions: Allows (plus you to use the basic math symbols to pertorm mathematical functions You can use the following keys sign to add). (minus sign to subtract). (asterisk sign to multiply). and /(forward slash to divide) From the Excel Simulation below, if in a blank cell -811-812 was entered, the formula would add the values from those using the other math symbols the tsesult would output an SUM function: Allows you to refer to multiple cells and adds cells and output the result, or 11,600 in this example. If appropriate answer for its function f all the values. You can add individual cell references or ranges to utlize this function. From the Excel Simulation below, if in a blank cell From the Excel Simulation below, if in a blank cell-SUMB11,812.813) was entered, the formula would output the resuit of adding those three separate cells, or 27.500 in this example. Similarly, if in a blank cell-SUM(B11 813) was entered, the formula would output the same result of adding those ceills, except they are expressed as a range in the formula, and the result would be 27500 in this example. function: Allows you to test a condition and return a specific value is the result is true and different value if the result is false. The syntax of the IF function is IFitest.condition valtue it truevalue it false" and specific considerations need to be made wher The test condition argument is an evaluation of the status of a cel such as if the value of a cell is greater than, less than, or number or cell. The value true and value a fase arguments will return any specific result for each option, such as another cell a value, or text Throughout the entire equation, if text is being used in the test condition, volue_ f true, or value it false arguments then be entered in quotations so that Excel will recognize the text as a "string of text" instead of another function. From the AR is high" AR is low) was entered, the formula would output the result of the Excel Simulation below, if in a blank cell IF(B15 20000, value_if_ true since the testcondition would be result as true, or in this case the text "AR is high Excel proc to separate parts. First the test condition-Excel thinks, find cell B15 and determine if the value is greater than 20000 Once Excel determines if the result of that test condition is TRUE or FALSE, it will return the value if true or value_if false AND function: Allows you to check if multiple conditions resuit as TRUE The syntax of the AND function is where logicalf and logical2 are the conditions being tested. These conditions can be used to evalua than, equal to. From the Excel Simulation below, if in a blank cell -AND(88-1000,89-1000)" was entered, the formula would output t word TRUE since both of the logical test conditions are true. Since the result will provide with -AND(logicalt,logicalz) with a TRUE or FALSE result, the function is