xercise cycles company has provided its year ended accounts receivables thaf we uncollected the controller has asked you to help prepare the aging of accounts receivable schedule and the corresponding journal entries. ALL ANSWERS MUST BE IN EXCEL FORMULA USING THE CORRELATING COLUMNS

Font - Styles C23 : A B D E F 1 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 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. 10 Create a formula for each age categorv. using the Excel IF and AND FUNCTIONS (fx) to determine where each 26 Clipboard Font Styles C23 A B E F D 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: <.>.>,