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what are the excel cell formulas for allowance for doubtful accounts with $250 and $100 credit and debit balance. Answers must be in excel formulas
what are the excel cell formulas for allowance for doubtful accounts with $250 and $100 credit and debit balance. Answers must be in excel formulas please.
A B D E 1 Xercise Cycles Company sells exercise equipment to gyms on account. At year end, the following accounts re were uncollected. 2 3 Required: 41) 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 S 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 $ 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 (Ex) to determine where ea customer amount belongs 19 The IF statement may include the following arguments: <.>.>, F3 000 000 FA FS F& 00 F7 DII FB 19 $ A & * 3 % 5 4 6 7 ( 9 8 E R T Y * * * customer amount belongs. The IF statement may include the following arguments: <.>.>>, 30 Ogg 000 FL FS od F DII F& 19 EVO $ & 3 4 5 6 7 8 9 ) 0 E R T Y 1 0 P. Estimated Uncollectible ($) S 180S 2,050 $ 3,310 S 1.000 S 6.540 3) Prepare the adjusting journal entry for recording bad debt expense if the Allowance for Doubtful Accounts had the following unadjusted balance: Allowance for Doubtful Accounts $250 credit balance -7 38 Bad Debt Expense 39 Allowance for Uncollectible Accounts 40 414) Prepare the adjusting journal entry for recording bad debt experise if the Allowance for Doubtful Accounts 42 had the following unadjusted balance: 43 Allowance for Doubtful Accounts $100 debit balance 44 45 Bad Debt Expense 46 Allowance for Uncollectible Accounts 47 48 49 SO Sheet1 READY TOON Attemptin) 3/3 Stop This is the desired ending balance of the Allowance for Doubtful Accounts per the aging schedule plus the existing unadjusted debit balance 30 F2 3 000 F4 FS ga ET T D FS DD A Fe # % A $ 4 3 5 6 & 7 * 00 ( 9 - - 0 E R T Y U 0 P DF G . J K L Step by Step Solution
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