
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
expand_more
expand_more
format_list_bulleted
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.

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
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution
Trending nowThis is a popular solution!
Step by stepSolved in 2 steps with 2 images

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Similar questions
- it is not correct, some calculations are wrong, can you try againarrow_forwardCan i have the answers for all in formula steps not excel please. Kind of hard to understand.arrow_forwardMatch each of the components of faithful representation with its definition.Faithful Representation Definition1 . Freedom from error a. All information necessary to describe an item is reported. 2. Neutrality b. Information that does not bias the decision maker. 3. Completeness c. Reported amounts reflect the best available information.arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
- Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSONIntermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill EducationFinancial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education


Accounting
Accounting
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:Cengage Learning,

Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis...
Accounting
ISBN:9780134475585
Author:Srikant M. Datar, Madhav V. Rajan
Publisher:PEARSON

Intermediate Accounting
Accounting
ISBN:9781259722660
Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:9781259726705
Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:McGraw-Hill Education