Classified Balance Sheet Template - Excel - Excel

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Classified Balance Sheet Template - Excel - Excel Powered By Docstoc
					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, and date 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 formatting.

There should be no need to insert columns or rows into the workbooks.

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.

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.
Name:
Problem:         P5-2, Balance Sheet Preparation
Course:
Date:
Presented below are a number of balance sheet items for Montoya, Inc., for the current year, 2010.

Goodwill                                           $125,000    Accumulated Depreciation - Equipment           $292,000
Payroll Taxes Payable                               177,591    Inventories                                     239,800
Bonds Payable                                       300,000    Rent Payable - Short-term                        45,000
Discount on Bonds Payable                            15,000    Taxes Payable                                    98,362
Cash                                                360,000    Long-term Rental Obligations                    480,000
Land                                                480,000    Common Stock, $1 Par Value                      200,000
Notes Receivable                                    445,700    Preferred Stock, $10 Par Value                  150,000
Notes Payable to Banks                              265,000    Prepaid Expenses                                 87,920
Accounts Payable                                    490,000    Equipment                                     1,470,000
Retained Earnings                                          ?   Trading Securities                              121,000
Income Taxes Receivable                              97,630    Accumulated Depreciation - Building             270,200
Unsecured Notes Payable (Long-term)               1,600,000    Building                                      1,640,000

Instructions:
Prepare a classified balance sheet in good form. Common stock authorized was                   400,000      shares,
and preferred stock authorized was               20,000      shares. Assume that notes receivable and notes
payable are short-term, unless stated otherwise. Cost and fair value of marketable securities are the same.

                                                      MONTOYA, INC.
                                                       Balance Sheet
                                                     December 31, 2010
                                                          Assets
                 Current assets
                  Account Title                                                  Amount
                  Account Title                                                  Amount
                  Account Title                                                  Amount
                  Income taxes receivable                                        Amount
                  Account Title                                                  Amount
                  Account Title                                                  Amount
                     Total current assets                                                         Formula

                 Property, plant, and equipment
                   Account Title                                                 Amount
                   Account Title                                    Amount
                    Account Title                                   Amount       Formula
                   Account Title                                    Amount
                    Account Title                                   Amount       Formula
                                                                                                  Formula
                 Intangible assets
                   Account Title                                                                  Amount
                     Total assets                                                                 Formula




                                     Problem 5-2, Page 3 of 4, 12/13/2010, 9:26 AM
                             Liabilities and Stockholders’ Equity
Current liabilities
 Account Title                                                   Amount
 Account Title                                                   Amount
 Account Title                                                   Amount
 Account Title                                                   Amount
 Account Title                                                   Amount
    Total current liabilities                                             Formula

Long-term liabilities
  Account Title                                                Amount
  Account Title                                    Amount
   Account Title                                   Amount     Formula
  Account Title                                               Amount      Formula
   Total liabilities                                                      Formula

Stockholders’ equity
  Account Title
Account Title with details
                                                               Amount
Account Title with details
                                                               Amount     Formula
  Account Title                                                           Amount
   Title                                                                  Formula
     Total liabilities and stockholders’ equity                           Formula

               Computation of Retained earnings:
               Accounting Equitation
               Title                                          Amount
                 Title                                        Amount
                 Title                                        Amount
                    Title                                     Formula




                    Problem 5-2, Page 4 of 4, 12/13/2010, 9:26 AM

				
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