balances in the appropriate locations. Type the Add: and Deduct: labels in the proper 1. Open...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
balances in the appropriate locations. Type the Add: and Deduct: labels in the proper 1. Open a Blank Workbook and save the file in your Chapter 05 folder as: 2. Enter the bank reconciliation headers in the range Al:A3; apply bold formatting. 3. Apply the Merge & Center command (from columns A-G) to each row in this range. 4. Using examples from the chapter, enter descriptions for the initial bank and book In this exercise, you will create a bank reconciliation for Charleston Company for the month ended December 31, 2016. The reconciliation should be partly based on these figures: Bank Statement Balance (12/31/2016) equals $149,800; Notes Receivable equals $5,500; NSF Check equals check written to Charleston Company into the bank account of Charley Town Company. $2,500; Bank Charges equals $100. During the month, the bank erroneously deposited a $200 EAS-A1-BankRec-[YourName) cells on rows 6 and 9. 9. set the width of columns A and E to 24 and the width of column D to 1. 6. Enter the bank statement balance in the appropriate location. . Open EAS-A1-QBReport from your Chapter 05 folder and arrange the window next to the bank reconciliation window. a. Type Outstanding Checks in an appropriate location in the bank reconciliation. 9. Drag and drop each outstanding check and the book balance from the QuickBooks report to the appropriate cells in columns B and G of the bank reconciliation. 10. Copy the book balance in the bank reconciliation and use Paste Values in the same cell to override the existing formula with the value itself. 11. Close the QuickBooks report without saving 12. If necessary, insert row(s) in the Add: section of the bank reconciliation to account for all items that will appear there. 13. Import the deposits in transit from EA5-A1-Deposits in your Chapter 05 folder to the proper location in the bank reconciliation. (Hint: Use the Data tab.) 14. Type a description for the imported amounts in the proper cell of column A. Use Format Painter and Quick Styles 15. Type the descriptions and amounts for the Notes Receivable, NSF Check, Bank Charges, and Check Error in the appropriate locations. 16. In the appropriate location, enter a formula to sum the items in the Add: section of the bank side of the reconciliation. 17. Sum the items in the Deduct: section on the bank side of the reconciliation by.copving the previous formula and pasting it to the appropriate cell. If necessary, modify the copied formula. 2 Excel for Accounting Chapter 5: Bank Reconciliation 18. If necessary, sum the items in the Deduct: section on the book side of the reconciliation by inserting appropriate formulas. 19. In the appropriate row, type a description for the final figures on each side of the reconciliation. Hint: Create two entries. 20. In the appropriate locations, enter formulas to calculate all remaining necessary figures on the bank side and book side of the reconciliation. 21. Apply the Accounting number format with zero decimal places to the beginning balance on the bank side and then use Format Painter to apply the formatting to all other dollar amounts. 22. Adjust column widths so all information is appropriately displayed. 23. Apply a bottom border to cells below which a calculation is completed and apply a bottom double border to cells that represent the final calculation in a column. 24. Apply the Heading 4 Quick Style to the descriptions for the beginning and adjusted balances on each side of the reconciliation. Hint: Apply the setting to four cells. Finalize the Bank Reconciliation 25. Create a new conditional formatting rule to the beginning bank statement balance such that the cell will contain a green fill color and red text if it drops below $155,000. 26. Insert the Current Date code in the right section of the footer and the File Path code in the left section of the header. 27. Save and close your file. balances in the appropriate locations. Type the Add: and Deduct: labels in the proper 1. Open a Blank Workbook and save the file in your Chapter 05 folder as: 2. Enter the bank reconciliation headers in the range Al:A3; apply bold formatting. 3. Apply the Merge & Center command (from columns A-G) to each row in this range. 4. Using examples from the chapter, enter descriptions for the initial bank and book In this exercise, you will create a bank reconciliation for Charleston Company for the month ended December 31, 2016. The reconciliation should be partly based on these figures: Bank Statement Balance (12/31/2016) equals $149,800; Notes Receivable equals $5,500; NSF Check equals check written to Charleston Company into the bank account of Charley Town Company. $2,500; Bank Charges equals $100. During the month, the bank erroneously deposited a $200 EAS-A1-BankRec-[YourName) cells on rows 6 and 9. 9. set the width of columns A and E to 24 and the width of column D to 1. 6. Enter the bank statement balance in the appropriate location. . Open EAS-A1-QBReport from your Chapter 05 folder and arrange the window next to the bank reconciliation window. a. Type Outstanding Checks in an appropriate location in the bank reconciliation. 9. Drag and drop each outstanding check and the book balance from the QuickBooks report to the appropriate cells in columns B and G of the bank reconciliation. 10. Copy the book balance in the bank reconciliation and use Paste Values in the same cell to override the existing formula with the value itself. 11. Close the QuickBooks report without saving 12. If necessary, insert row(s) in the Add: section of the bank reconciliation to account for all items that will appear there. 13. Import the deposits in transit from EA5-A1-Deposits in your Chapter 05 folder to the proper location in the bank reconciliation. (Hint: Use the Data tab.) 14. Type a description for the imported amounts in the proper cell of column A. Use Format Painter and Quick Styles 15. Type the descriptions and amounts for the Notes Receivable, NSF Check, Bank Charges, and Check Error in the appropriate locations. 16. In the appropriate location, enter a formula to sum the items in the Add: section of the bank side of the reconciliation. 17. Sum the items in the Deduct: section on the bank side of the reconciliation by.copving the previous formula and pasting it to the appropriate cell. If necessary, modify the copied formula. 2 Excel for Accounting Chapter 5: Bank Reconciliation 18. If necessary, sum the items in the Deduct: section on the book side of the reconciliation by inserting appropriate formulas. 19. In the appropriate row, type a description for the final figures on each side of the reconciliation. Hint: Create two entries. 20. In the appropriate locations, enter formulas to calculate all remaining necessary figures on the bank side and book side of the reconciliation. 21. Apply the Accounting number format with zero decimal places to the beginning balance on the bank side and then use Format Painter to apply the formatting to all other dollar amounts. 22. Adjust column widths so all information is appropriately displayed. 23. Apply a bottom border to cells below which a calculation is completed and apply a bottom double border to cells that represent the final calculation in a column. 24. Apply the Heading 4 Quick Style to the descriptions for the beginning and adjusted balances on each side of the reconciliation. Hint: Apply the setting to four cells. Finalize the Bank Reconciliation 25. Create a new conditional formatting rule to the beginning bank statement balance such that the cell will contain a green fill color and red text if it drops below $155,000. 26. Insert the Current Date code in the right section of the footer and the File Path code in the left section of the header. 27. Save and close your file.
Expert Answer:
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
Posted Date:
Students also viewed these mathematics questions
-
In this exercise you will prove Theorem 9.8.2. a. Prove that the joint p.d.f. of the data given the parameters 1, 2, and can be written as a constant times b. Multiply the prior p.d.f. times the...
-
In this exercise you will verify that when you have two sets of sample data, the t test for independent samples (assuming equal variances) and the ANOVA method of this section are equivalent. Refer...
-
In this exercise you will be following the methods of the Ancients (Greek Astronomers of Alexandria) to determine the size of the Earth. Most of these measurements were quite difficult for the...
-
Evaluate and simplify the following derivatives. d dx -(x Inx)
-
Repeat Exercise 3(a) using extrapolation with h0 = 0.2, h1 = h0/2, and h2 = h0/4. Repeat exercise 3(a) a. 2u / x2 + 2u / y2 = 0, 0 < x < 1, 0 < y < 1; u(x, 0) = 0, u(x, 1) = x,...............0 x 1;...
-
If block B weighs 200 lb and block C weighs 100 lb, determine the required weight of block D and the angle ? for equilibrium. B D
-
If among \(n\) objects \(k\) are alike and the others are all distinct, the number of permutations of these \(n\) objects taken all together is \(n ! / k !\). (a) How many permutations are there of...
-
Describe the broad range of talent management efforts that use software applications by going to www.learn.com. Then give some examples of firms that have successfully used these applications.
-
A taxpayer filing as Single has $25,600 of taxable income. Included in gross income is a 1099- INT with Box 1 interest income of $5,000 , tax-exempt interest of $3,000 , and interest on U.S. savings...
-
Dry Supply is a wholesaler of dry cleaning equipment, cleaning supplies, and laundry soap. This company is located in Kansas, it has been in business for over 50 years. Anne Schippel, is a business...
-
The tangent to the function f(x) at x = 4 has the equation y = 3x - 2. What is the value of f'(4)? What is the value of f(4)? A
-
The following selected transactions relate to liabilities of United Insulation Corporation. United's fiscal year ends on December 31. 2024 January 13 Negotiated a revolving credit agreement with...
-
In recent decades, economic inequality (both income inequality and wealth inequality) has become a prominent topic in American politics. If it is a problem, given our discussion of Fiscal and...
-
The government is planning to undertake 3 projects, which are mutually exclusive. The estimated annual equivalence of the benefits and costs are given below. All projects have the same duration. a)...
-
Blossom, Inc., has 16300 shares of 4%, $100 par value, cumulative preferred stock and 59100 shares of $1 par value common stock outstanding at December 31, 2026. There were no dividends declared in...
-
The Monarch Division of Allgood Corporation has a current ROI of 13 percent. The company target ROI is 9 percent. The Monarch Division has an opportunity to invest $5,700,000 at 11 percent but is...
-
A. A tractor pulls a 150 kg rock to the right with a force of 1200 N against a force of friction of 750 N [left]. Calculate the force of gravity on the rock and the normal force of the ground on the...
-
The MIT Sloan School of Management is one of the leading business schools in the U.S. The following table contains the tuition data for the masters program in the Sloan School of Management. a. Use...
-
It is common in many countries that governments subsidize the production of goods in certain large oligopolistic industries. Common examples include aircraft industries and car industries. A: Suppose...
-
As we have mentioned several times, the usual property tax is really two taxes: one levied on land value (or on land rents) and the other levied on the value of the improvements of landor the rents...
-
In the Appendix to Chapter 17, we introduced the Allais Paradox. It went as follows: Suppose there are three closed doors with $5 million, $1 million and $0 behind them. You are first offered a...
-
Holland at Home is considering introducing a variation of its current breakfast cereal, Zonnatura Regular Muesli Rich. The new cereal will be similar to the old with the exception that it will...
-
TSMC Corporation is considering selling one of its old wafer fabrication machines. The machine, purchased for \($3,000,000\) 5 years ago, had an expected life of 10 years and an expected salvage...
-
Assume that Fiskars Finland plans to invest in a new project that will annually generate revenues of \($2.3\) million. Cash expenses including both fixed and variable costs will be \($950,000,\) and...
Study smarter with the SolutionInn App