After completing the journal entries, you must then complete the missing pieces of the T accounts, trial balance, and statements highlighted in yellow. Only excel functions may be used to calculate the appropriate cell value on these pages. DO NOT INPUT THE ACTUAL NUMBER INTO THET ACCOUNTS, TRIAL BALANCE, OR STATEMENTS. Use excel functions (such as copying the number from the journal entry page, summing numbers together, or using the plus or minus symbols to help you find the appropriate number). Your balance sheet should balance when you are complete. Tip: After each journal entry, update the appropriate T accounts. Select Retailer/Merchandiser-Related Transactions: 1) Road Runner Racers (RRR) purchased $10,000 of merchandise from Warehouser Plus on January 10. RRR was given terms of 4/15, n/30. FOB shipping point. RRR paid S100 for delivery. 2) RRR paid their invoice to Warehouser Plus on January 25th. 3) On February 2, RRR sold $1,000 of merchandise to Rowdy's Inc. RRR offered Rowdy credit terms of

The first part of the assignment is to open Excel and in column A starting in row 1 and down to row 40 generate random values using the RAND() function. Copy and special paste those values onto sheet2. You will turn in the Excel file, but you will use the information below when directed. Say an individual is faced with the decision of whether to buy auto insurance or not (like before laws in many states changed). The states of nature are that no accident occurs (with probability .992) or an accident occurs (with probability .008). Here is the payoff table for the decision maker (where -500 is read minus 500, for example) State of Nature Decision No Accident Accident Purchase insurance -500 -500 Do not purchase Ins. 0 -10000 1. Say the individual is a RISK LOVER. Create a table with plausible values of utility for the risk lover where you pick as the indifference probability for the value -500 the first value that is appropriate from your simulation in Excel (starting in cell A1 on…