Question: Red Cat Coffee has provided an incomplete horizontal statements model for Year 1 . The Controller has asked you to help calculate the missing amounts

Red Cat Coffee has provided an incomplete horizontal statements model for Year 1. The Controller has asked you to help calculate the
missing amounts in the incomplete horizontal statements model. Use the information included in the Excel Simulation and the Excel
functions described below to complete the task.
Cell Reference: Allows you to refer to data from another cell in the worksheet. In the Excel Simulation below, if "=E12" is entered
in' a blank cell, the formula outputs the result from cell E12, which is 400,000 in this example.
Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following
keys: +(plus sign to add),-(minus sign to subtract),*(asterisk sign to multiply), and /(forward slash to divide). In the Excel
Simulation below, if "=E12+E13" is entered in a blank cell, the formula adds the values from those cells and outpLs sthe result,
which is 650,000 in this example. If using the other math symbols, the result is an appropriate answer for the fun tion.
SUM function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges to
utilize this function. In the Excel Simulation below, if "=SUM(E12,E13,E14)" is entered in a blank cell, the formula outputs the result
of adding those three separate cells, which is 450,000 in this example. Similarly, if "?S=UM(C11:C13)" is entered in a blank cell, the
formula outputs the same result of adding those cells even though they are expressed as a range in the formula, so the result is
450,000 in this example.
 Red Cat Coffee has provided an incomplete horizontal statements model for

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!