FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
See below. Note that I know the answer is right by the mathematical formula/cell referencing is wrong. NOTE THAT THIS PROBLEM REQUIRES AN APPROPRIATE MATHEMATICAL FORMULA AND CELL REFERENCING. DONT FORGET TO INCLUDE THAT IN THE ANSWER.
11
: x v fx =(08+D12)-D11
A B
F
H
1 Formula: Add, Subtract; Cell Referencing
K
3 Using Excel to Determine the Adjusted Cash Balance
Student Work Area
PROBLEM
4
5 For the month of August, Pratt Company has the following information
6 concerning its checking account at its bank.
Required: Provide input into cells shaded in yellow in this template.
Use mathematical formulas with cell references to the Problem
area.
7
Cash balance per books, August 31
Outstanding checks
Data from the bank statement
24
$ 9,500
9
800
Determine the adjusted cash balance per books at August 31.
10
1Incorrect
Charge for printing Pratt Company checks
Interest earned on checking account balance
11
35
Adjusted cash balance per books
9,505
12
40
Feedback: Use a mathematical formula with cell references to the Problem area to calculate
the adjusted cash balance per books.
13
14
15
Formula: Add, Subtract; Cell reference.
Input a mathematical formula with a cell reference to the Problem area.
16
17
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Transcribed Image Text:11 : x v fx =(08+D12)-D11 A B F H 1 Formula: Add, Subtract; Cell Referencing K 3 Using Excel to Determine the Adjusted Cash Balance Student Work Area PROBLEM 4 5 For the month of August, Pratt Company has the following information 6 concerning its checking account at its bank. Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem area. 7 Cash balance per books, August 31 Outstanding checks Data from the bank statement 24 $ 9,500 9 800 Determine the adjusted cash balance per books at August 31. 10 1Incorrect Charge for printing Pratt Company checks Interest earned on checking account balance 11 35 Adjusted cash balance per books 9,505 12 40 Feedback: Use a mathematical formula with cell references to the Problem area to calculate the adjusted cash balance per books. 13 14 15 Formula: Add, Subtract; Cell reference. Input a mathematical formula with a cell reference to the Problem area. 16 17
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