PROVIDE ANSWER TO Q#2 AS AN EXCEL FORMULA, AS STATED IN INSTRUCTIONS

Xercise Cycles Company sells exercise equipment to gyms on account. At year and the following accounts receivable were uncollected Required: 1) Calculate the number of days unpaid, USING THE EXCEL DAYS FUNCTION Fitness Mania 2,500 2.000 12.750 10 Holistic Health Options 11 Image Reimaging 12 Today's Gym World 13 Whole Life Fitness Center 14 Workouts Unlimited 15 Total 6/17/2016 12/21/2016 10/12/2016 12/5/2016) 11/29/2016 11/20/2016 10/2/2016 12/11/2016 12/31/2016 12/11/2016 12/01/2016 12/01/2018 12/11/2016 12/31/2014 3.100 48.55 26 PROVDUE ANSWER AS BXC Formula 21 Use the information above to complete the Aging of Accounts Receivable schedule below. Create a formula for each age category, using the Excel and AND FUNCTIONS (f) to determine where each customer amount belongs. 19 The IF statement may include the following arguments: <.>.>, C, Excel AND FUNCTION() . T Number of Days Unpaid 1.00 67.90 Overso automer 25 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(5) 32 Estimated Uncollectible ($) 20% 34 3) Prepare the adjusting journal entry for recording bad debt expense if the Allowance for Doubtful Accounts 35 had the following unadjusted balance: ance for Doubtful Accounts $250 credit balance 3 Bad Debt Expense 39 Allowance for Doubtful Accounts 41 4) Prepare the adjusting journal entry for recording bad debt expense of the Allowance for Doubtful Accounts 42 had the following unadjusted balance: 45 Allowance for Doubtful Accounts $100 debit balance 45 Bad Debt Expense 46 Alowance for Doubtful Accounts