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2) Use the information above to complete the Aging of Accounts Receivable Schedule below.
Create a formula for each age category, using the Excel IF and AND FUNCTIONS (fx) to
determine where each customer amount belongs. The IF statement may include the following
arguments: <,>,>=,<=, Excel AND FUNCTION (fx).4) Prepare the adjusting journal entry for
recording bad debt expense if the Allowance for Doubtful Accounts had the following unadjusted
balance:

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  • 1. 2) Use the information above to complete the Aging of Accounts Receivable Schedule below. Create a formula for each age category, using the Excel IF and AND FUNCTIONS (fx) to determine where each customer amount belongs. The IF statement may include the following arguments: <,>,>=,<=, Excel AND FUNCTION (fx).4) Prepare the adjusting journal entry for recording bad debt expense if the Allowance for Doubtful Accounts had the following unadjusted balance: