Question

velue 100.00 polnts Preparing a Classifled Balance Sheet using Excel's SUM Function and Cell Referencing Lantana Company has opened its company and has recorded its first month of transactions in T-accounts. The Controller has asked you to prepare the companys classified balance sheet at the month end based on those transactions. 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, f in a blank cell, " 814 was enfered,the formula . 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) would output the result from cell B14, or 75,000 in this example. minus sign to subtract asterisk sign to multiply and / (forward slash to di de Fro the Excel Sr ulation below if n a blank cell-c14-C15 as entered, he formula would add the values from those cells and output the result, or 15,000 in this example. If using the other math symbols the result would output an appropriate answer for its function. . 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. From the Excel -sUMC 14 С 15 С 16 was entered, the formula would output the result of adding those three separate cells, or 25,000 n this sm laton below if in a blank cell example. Similanly, If in a blank cel eSUM(C14 C16' was entered, the formula would output the same result of adding those cells, except they are expressed as a range in the formula, and the result would be 25,000 in this example

Answer 1