Question: need help with formulas Excel Problem: Post-Closing Trial Balance Name: Using cell addresses, properly place each account's balance in either the debit column or the

need help with formulas
need help with formulas Excel Problem: Post-Closing Trial Balance Name: Using cell
addresses, properly place each account's balance in either the debit column or

Excel Problem: Post-Closing Trial Balance Name: Using cell addresses, properly place each account's balance in either the debit column or the credit column, assuming each account has a normal balance. Input a simple formula to determine the credit balance of "Account X" that will correctly complete the trial balance. Use the SUM function to produce the total for each column. Submit in Black Board 1. DATA 13 Cash Account Accounts Receivable Accounts Payable Equipment Unearned Revenue Balance Account Balance 2,200 Prepaid Rent 400 900 Notes Payable 250 16 480 Retained Earnings 660 18 700 Common Stock 600 Accumulated Depreciation 190 Account X 12. I. DATA Excel Problem: Post-Closing Trial Balance Name: Using cell addresses, properly place each account's balance in either the debit column or the credit column, assuming each account has a normal balance. Input a simple formula to determine the credit balance of "Account X" that will correctly complete the trial balance. Use the SUM function to produce the total for each column. Submit in Black Board 1. DATA 13 Cash Account Accounts Receivable Accounts Payable Equipment Unearned Revenue Balance Account Balance 2,200 Prepaid Rent 400 900 Notes Payable 250 16 480 Retained Earnings 660 18 700 Common Stock 600 Accumulated Depreciation 190 Account X 12. I. DATA

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!