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Financial Accounting Solution Weygandt - Excel by eyv16957


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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

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.

                        e82110f5-3397-4ef0-bc4e-673672f508ac.xls, Page 1 of 3, 2/3/20117:34 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.

                       e82110f5-3397-4ef0-bc4e-673672f508ac.xls, Page 2 of 3, 2/3/20117:34 PM
     Name: Solution                                               Date:
 Instructor:                                                   Course:
Financial Accounting, Fifth Edition by Kimmel, Weygandt, and Kieso
Solving Financial Accounting Problems Using Microsoft Excel for Windows
                               by Rex A Schildhouse
E7-9, Prepare bank reconciliation and adjusting entries.
This information relates to the Cash account in the ledger of Hadaway Company.
      Balance September 1—                   $16,400              Cash deposited—                      $64,000
      Balance September 30—                  $17,600              Checks written—                      $62,800
The September bank statement shows a balance of                  $16,422     at September 30 and the following
      Collection of           $1,800          note plus interest         $30                            $1,830
      Interest earned on checking account                                                                  $45
      NSF check: J. Hower                                                                                 $560
      Safety deposit box rent                                                                              $50

At September 30 deposits in transit were            $4,826         and outstanding checks totaled       $2,383

(a) Prepare the bank reconciliation at September 30, 2010.

                                              HADAWAY COMPANY
                                                Bank Reconciliation
                                                September 30, 2010
            Title                                                                               Amount
            Add: Title                                                                          Amount
            Less: Title                                                                         Amount
            Title                                                                               Formula

            Title                                                                                   Amount
            Title                                                              Amount           Formula
            Less: Title                                                        Amount
                      Text                                                     Amount           Formula
            Adjusted cash balance per books                                                     Formula

(b) Prepare the adjusting entries at September 30, assuming (1) the NSF check was from a customer on account, and
(2) no interest had been accrued on the note.

             09/30/10 Account title                                            Amount
                       Account title                                                                Amount
                       Account title                                                                Amount

             09/30/10 Account title                                            Amount
                       Account title                                                                Amount

             09/30/10 Account title                                            Amount
                       Account title                                                                Amount

             09/30/10 Account title                                            Amount
                       Account title                                                                Amount

                                      e82110f5-3397-4ef0-bc4e-673672f508ac.xls, Page 3 of 3, 2/3/20117:34 PM

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