; 07p3a
Learning Center
Plans & pricing Sign in
Sign Out
Your Federal Quarterly Tax Payments are due April 15th Get Help Now >>



  • pg 1
									Instructions for the Microsoft Excel Templates

Be advised, the worksheet and workbooks are not protected.

Extensive detail and information is contained within the manual.

Striking the "F1" key or following the path "Windows>Excel Help" will invoke the Office Assistant and bring up one of
several help menus.

You should enter your name, course ID, date, and instructor's name into the cells at the top of the page.

Each page contains a page footer with a Page # of Page ## as well as time and date to assist in assembly of multiple pages.

Each worksheet contains the identification of the problem or exercise.

All formatting should have been accomplished to provide satisfactory presentation. See the text for additional assistance in

If more than one page is required by the problem, the page breaks are preset.

In general, the yellow highlighted cells are the cells which work and effort should be presented.

Place the proper account title in the cell where the word "Account title" appears on the template.

Place the value in the cell where the word "Value" or "Amount" appears on the template. A formula may be placed in some
of these cells.

Write a formula into cells where the word "Formula" appears. In these cells, an amount calculated can be entered. An amount
can be placed in these cells.

Place the explanation for the entry in the cell where the word "Text Explanation" appears on the template.

Insert the account number where "Acct Nbr" appears on the template during posting.

Insert the journal reference where "JOURN #" appears on the template during posting.

Insert the title in the cell where "TITLE" appears on the template.

The print area is defined to fit onto 8 1/2" X 11" sheets in portrait or landscape mode as required.

The gray filled cells define the perimeter of the problem and the print area.

The problem is formatted for whole dollars with comma separations (no cents) except where required.

The display may have "Freeze Pane" invoked so column titles remain visible during data entry.

Negative values may be shown as ($400) or -$400.

Consider using "Split" panes to assist in copy and paste of data.

                        374b01db-cd01-485e-9312-e98be0fd3cfa.xls, Page 1 of 3, 3/24/20126:00 PM
Much of the exercises and problems can have data entered by the "look to" or "=A34" type formula where cell A34 contains
the data to be entered. This precludes typing and data entry errors.

                      374b01db-cd01-485e-9312-e98be0fd3cfa.xls, Page 2 of 3, 3/24/20126:00 PM
Exercise:           Problem P7-3A
On July 31, 2007, Hanlon Company had a cash balance per books of                     $6,140.00 The statement from Jackson
State Bank on that date showed a balance of                   $7,695.80 A comparison of the bank statement with the cash account revealed the facts below.
account revealed the facts below.
1. The bank service charge for July was            $25.00
2. The bank collected a note receivable of                    $1,800.00       for Hanlon Company on July 15, plus                               $30.00
of interest. The bank made a           $10.00 charge for the collection. Hanlon has not accrued any interest on the note.
3. The July 31 receipts of          $1,193.30 were not included in the bank deposits for July. These receipts were
deposited by the company in a night deposit vault on July 31.
4. Company check No. 2480 issued to H. Coby, a creditor, for              $384.00 that cleared the bank in July was
incorrectly entered in the cash payments journal on July 10 for           $348.00
5. Checks outstanding on July 31 totaled                      $1,480.10
6. On July 31 the bank statement showed an NSF charge of                  $490.00 for a check received by the company from
P. Figura, a customer, on account.

(a) Prepare the bank reconciliation as of July 31.

                                                      HANLON COMPANY
                                                       Bank Reconciliation
                                                          July 31, 2007
                    Title                                                                          Amount
                    Add: Title                                                                     Amount
                    Less: Title                                                                    Amount
                    Title                                                                          Formula

                    Title                                                                           Amount
                      Add: Title
                      Detail                                                                       Amount
                    Less: Title                                                       Amount
                      Title                                                           Amount
                      Title                                                           Amount       Formula
                    Title                                                                          Formula

(b) Prepare the necessary adjusting entries at July 31.

                     July 31, 2007 Account title                                      Amount
                                   Account title                                      Amount
                                     Account title                                                  Amount
                                     Account title                                                  Amount

                                    Account title                                     Amount
                                      Account title                                                 Amount

                                    Account title                                     Amount
                                      Account title                                                 Amount

                                    Account title                                     Amount
                                      Account title                                                 Amount

                                          374b01db-cd01-485e-9312-e98be0fd3cfa.xls, Page 3 of 3, 3/24/20126:00 PM

To top