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Ac313 Preparing an Income Statement using Excel's SUM, IF and Basic Math Functions 2 Reading Readiness,...
Reading Readiness, Inc. has provided you its list of accounts and balances as of January 31. The Controller has asked you to prepare an Income Statement for the month ended January 31. 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. From the Excel Simulation below, if in a blank cell, =C11" was entered, the formula...
i need help with this question Preparing an Income Statement using Excel's SUM, Basic Math Functions and Cell Referencing Great Taste Restaurants, Inc. has provided a list of select accounts as of March 31, 2016. The Controller has asked you to prepare the company's Income statement at the month ended March 31, 2016. 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...
Preparing a Performance Report using Excel's ABS, IF and SUM Functions Perfect Parties, Inc. has several divisions, one of which provides birthday parties at their facility, and has provided the actual and planning budget results for the month of June. The Controller has asked you prepare the Birthday Party Division Budget Performance Report. 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...
AC313 required: Preparing a Statement of Cash Flows Using the Direct Method using Excel's SUM Function and Multi- tab References Innovation Electronics, Inc. has provided you with the year end Income Statement Balance Sheet. The Controller has asked you to prepare the Statement of Cash Flows for the same year ended December 31, Use the information included in the Excel Simulation and the Excel functions described below to complete the task. Multi-Tab Cell Reference: Allows you to refer to data...
1 The list below shows select accounts for Reading Readiness, Inc. as of January 31, 20X1. 2 (Accounts are in alphabetical order.) Accounts Payable Accounts Receivable Cash Equipment Income Tax Expense Operating Expense Other Expenses Other Revenues Rent Expense Salaries Expense Short-term Notes Payable Test Prep Revenue Tutoring Revenue Unearned Revenue 8,088 6,960 13,445 4,800 1,350 11,800 3,482 6,050 4,800 6,882 17,200 15,400 9,100 1,046 19 Required: 20 1. Prepare an Income Statement for the month ended January 31, 20X1....
Adams Corporation evaluates divisional managers based on Return on Investment (ROI) and has provided the operating results of the Northern Division from last year. The Controller has asked you to compute the ROI and Residual Income based on data from last year and if the division adds a new product line. 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...
A в D 1 The list below shows select accounts for Reading Readiness, Inc. as of January 31, 20x1. |(Accounts are in alphabetical order.) ou w N 00 L 10 Accounts Payable Accounts Receivable Cash Equipment Income Tax Expense Operating Expense Other Expenses Other Revenues Rent Expense Salaries Expense Short-term Notes Payable Test Prep Revenue Tutoring Revenue Unearned Revenue 8,088 6,960 13,445 4,800 1,350 11,800 3,482 6,050 4,800 6,882 17,200 15,400 9,100 1,046 11 12 13 14 15 16 18...
Reporting Adjusted Account Balances using Excel's SUM, Basic Math Functions and Cell Referencing Maple Moving Company has provided a list of its account balances as of December 31, 2016 before year-end adjustments. The Controller has also provided you with a list of year end data to determine the adjusted account balances and has asked you to prepare the adjusted trial balance. Use the information included in the Excel Simulation and the Excel functions described below to complete the task. Cell...
FILE HOME 7 INSERT Preparing an income statement - Excel FORMULAS DATA REVIEW PAGE LAYOUT X VIEW - Sign In Calibri Paste B IU- A Alignment Number Cells Editing Clipboard Font Conditional Format as Cell Formatting Table Styles Styles B31 В 1 The list below shows select accounts for Reading Readiness, Inc. as of January 31, 20X1. 2 (Accounts are in alphabetical order.) w #BBB Accounts Payable Accounts Receivable Cash Equipment Income Tax Expense Operating Expense Other Expenses Other Revenues...
Required: 20 1. Prepare an income Statement for the month ended Lanuary 31, 20X1. Use cell references 21 to select account titles and amounts to be included on the income statement. 22 Note: List revenues and expenses in order of largest to smallest dollar amounts. 24 2. After entering the formula in cell 42, use the Excel IF function to label cell B42 as either "Ne 25 "Net Loss as appropriate based on the value calculated in cell C42. ipped...