11p6b

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					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
formating.

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.



                       9807e838-900f-4dc9-a3c1-678bd5962d2f.xls, Page 1 of 3, 3/24/20126:02 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.




                      9807e838-900f-4dc9-a3c1-678bd5962d2f.xls, Page 2 of 3, 3/24/20126:02 PM
Name:
Exercise:          Problem P11-6B
Course:
Date:

P11-6B
On January 1, 2007, Willow Inc. had these stockholder equity balances.
Common Stock, $1 par (1,000,000 shares authorized; 500,000 shares issued and outstanding)                              $500,000
Paid-in Capital in Excess of Par Value                                                                                1,000,000
Retained Earnings                                                                                                       600,000
During 2007, the following transactions and events occurred.
1. Issued                 50,000         shares of       $1          par value common stock for         $125,000
2. Issued                 30,000                shares of common stock for cash at          $4      per share.
3. Purchased              10,000            shares of common stock for the treasury at      $4      per share.
4. Declared and paid a cash dividend of              $160,000
5. Earned net income of                  $400,000

 Instructions:
Prepare the stockholders’ equity section of the balance sheet at December 31, 2007.

                                                              WILLOW INC.
                                                            Partial Balance Sheet
                                                             December 31, 2007
                   Stockholders’ equity
                   Stock account detail
                                                                                                            Amount
                     Additional paid-in capital
                         Account title                                                                      Amount
                           Title                                                                            Formula
                   Account title                                                                            Amount
                   Title                                                                                    Formula
                   Less: Account title                                                                      Amount
                   Total stockholders’ equity                                                               Formula

                   Detail as desired
                   Detail as desired
                   Detail as desired




                                       9807e838-900f-4dc9-a3c1-678bd5962d2f.xls, Page 3 of 3, 3/24/20126:02 PM

				
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