Accounting Excel

Office 2016 – myitlab:grader – Instructions Accounting Project

Miller-Nobles (6e/12e) - Using Excel Ch07/Ch08 v2

Project Description: <Project Description>

Instructions: For the purpose of grading the project you are required to perform the following tasks: Step Instructions Points Possible 1 Download and open the excel spreadsheet, Miller-Nobles_6e-12e-Using_Excel_Ch07-Ch08_Start.xlsx. This spreadsheet includes 3 tabs; you will enter all answers on the second and the third tabs, ENTERANSWERS1 and ENTERANSWERS2. 0 2 Lori Anders of Wilderness Associates is getting ready to prepare the October bank reconciliation. The cash balance on the books of Wilderness Associates on October 31 is $3,546. Lori reviews the bank statement, and notes the cash balance at October 31 of $2,445. The bank statement also reveals that the bank collected a note receivable on behalf of Wilderness Associates -- the principal was $1,500 and the interest was $15. One customer’s check for $29 was returned by the bank for insufficient funds. Two additional items on the bank statement were the monthly EFT for the utilities, $250, and the bank service fee of $12. Lori notes that the cash deposit made on October 31 of $3,300 does not appear on the statement, and that three checks totaling $975 had not cleared the bank account when the bank statement was prepared. Prepare the bank reconciliation for Wilderness Associates at October 31, 2018. (33 pts) a. Format appropriate cells with dollar signs, underlines, and double underlines. Use Excel formulas to calculate subtotals and totals. b. Enter all amounts as positive values. Do not use a minus sign or parentheses for any values to be subtracted. (Always use cell references and formulas where appropriate to receive full credit.) 33 3 Journalize the entries based on the bank reconciliation. (25 pts) a. For dollar amounts, use cell references on bank reconciliation. b. Enter all amounts as positive values. Do not use a minus sign or parentheses for any values to be subtracted. (Always use cell references and formulas where appropriate to receive full credit.) 25 4 Once completed, save the project to the desktop. File name can be anything, but DO NOT include spaces. Return to auto-graded excel activity window, and progress to Step 3. Follow on screen instructions. (To review score, navigate to Results in the MyLab and click on Review link.) 0 Total Points 58

Updated: 04/18/2018 1 Current_Instruction.docx