27. Save and close your file. EA5-A2 Create a Bank Reconciliation or rasters Club TI be partly based on these figures: Bank Statement lub corp. for the month ended h the bank erroneously deposited a $505 check In this exercise, you will create a bank reconciliation for Tasters Club Cor December 31, 2016. The reconciliation should be partly based on the Balance (12/31/2016) equals $16,200; INOLES evene equals $395: NSE Is $16,200; Notes Receivable equals Bank Charges equals $550. During the month, the bank erroneousha written to Pepper Products into the bank account of Tasters Club Cor 1. Open a Blank Workbook and save the file in your Chapter 05 folder EA5-A2-BankRec-[YourName) 2. Enter the bank reconciliation headers in the range A1:A3; apply bold formatting 3. Apply the Merge & Center command (from columns A-G) to each row in this 4. Using examples from the chapter, enter descriptions for the initial bank and book balances in appropriate locations. Type the Add: and Deduct: labels in the proper cells in rows 6 and 9. 5. Set the width of columns A and E to 24 and the width of column D to 1. 6. Enter the bank statement balance in the appropriate location 7. Open EA5-A2-QBReport from your Chapter 05 folder and arrange the window next to the bank reconciliation window. 8. Type Outstanding Checks in an appropriate location in the bank reconciliation. 153 Aply your skills 3. Drag and drop each outstanding check as well as the book halance from the QuickBooks report to the appropriate cells in columns Band of the bank reconciliation 10. Copy the book balance in the bank reconciliation and use Paste Values in the same the same cell to override the existing formula with the value itself. 11. Close the QuickBooks report without saving 12. If necessary, insert row() in the Add: section of the bank reconciliation to account to items that will appear there. 13. Use the Get External Data from Text feature to import the deposits in transit from EAS-A2-Deposits in your Chapter 05 folder to the proper location in the bank reconciliation 14. Type a description for the imported amounts in the proper cell of column reconciliation to account for all Use Format Painter and Quick Styles 15. Type the descriptions and amounts for the Notes Receivable. NSF Check, Bank Charges, and Check Error in the appropriate locations. 16. In the appropriate location, enter a formula to sum the items in the Add: section of the bank side of the reconciliation 17. Sum the items in the Deduct: section of the bank side of the reconciliation by copying the previous formula and pasting it to the appropriate cell If necessary, modify the copied formula 18. If necessary, sum the items in the Deduct: section on the book side of the reconciliation by inserting appropriate formulas. 19. In the appropriate row, type a description for the final figures on each side of the bank reconciliation Hint: Create two entries. 20. In the appropriate locations, enter formulas to calculate all remaining necessary figures on the bank side and book side of the reconciliation. 21. Apply the Currency format with zero decimal places to the beginning balance on the bank side and then use Format Painter to apply the formatting to all other dollar amounts. 22. Adjust column widths so all information is appropriately displayed. 23. Apply a bottom border to cells below which a calculation is completed and apply a bottom double border to cells that represent the final calculation in a column. 24. Anply the Heading 4 Quick Style to the descriptions for the beginning and adjusted balances on each side of the reconciliation. Hint: Apply the setting to four cells. Finalize the Bank Reconciliation 25. Create a new conditional formatting rule to the beginning bank statement balance.ch that the cell will contain a yellow fill color and blue text if it drops below $20.000 26. Insert the Current Time code in the right section of the header and the Curre code in the left section 27. Insert the File Path code in the left section of the footer. 28. Save and close your file. 27. Save and close your file. EA5-A2 Create a Bank Reconciliation or rasters Club TI be partly based on these figures: Bank Statement lub corp. for the month ended h the bank erroneously deposited a $505 check In this exercise, you will create a bank reconciliation for Tasters Club Cor December 31, 2016. The reconciliation should be partly based on the Balance (12/31/2016) equals $16,200; INOLES evene equals $395: NSE Is $16,200; Notes Receivable equals Bank Charges equals $550. During the month, the bank erroneousha written to Pepper Products into the bank account of Tasters Club Cor 1. Open a Blank Workbook and save the file in your Chapter 05 folder EA5-A2-BankRec-[YourName) 2. Enter the bank reconciliation headers in the range A1:A3; apply bold formatting 3. Apply the Merge & Center command (from columns A-G) to each row in this 4. Using examples from the chapter, enter descriptions for the initial bank and book balances in appropriate locations. Type the Add: and Deduct: labels in the proper cells in rows 6 and 9. 5. Set the width of columns A and E to 24 and the width of column D to 1. 6. Enter the bank statement balance in the appropriate location 7. Open EA5-A2-QBReport from your Chapter 05 folder and arrange the window next to the bank reconciliation window. 8. Type Outstanding Checks in an appropriate location in the bank reconciliation. 153 Aply your skills 3. Drag and drop each outstanding check as well as the book halance from the QuickBooks report to the appropriate cells in columns Band of the bank reconciliation 10. Copy the book balance in the bank reconciliation and use Paste Values in the same the same cell to override the existing formula with the value itself. 11. Close the QuickBooks report without saving 12. If necessary, insert row() in the Add: section of the bank reconciliation to account to items that will appear there. 13. Use the Get External Data from Text feature to import the deposits in transit from EAS-A2-Deposits in your Chapter 05 folder to the proper location in the bank reconciliation 14. Type a description for the imported amounts in the proper cell of column reconciliation to account for all Use Format Painter and Quick Styles 15. Type the descriptions and amounts for the Notes Receivable. NSF Check, Bank Charges, and Check Error in the appropriate locations. 16. In the appropriate location, enter a formula to sum the items in the Add: section of the bank side of the reconciliation 17. Sum the items in the Deduct: section of the bank side of the reconciliation by copying the previous formula and pasting it to the appropriate cell If necessary, modify the copied formula 18. If necessary, sum the items in the Deduct: section on the book side of the reconciliation by inserting appropriate formulas. 19. In the appropriate row, type a description for the final figures on each side of the bank reconciliation Hint: Create two entries. 20. In the appropriate locations, enter formulas to calculate all remaining necessary figures on the bank side and book side of the reconciliation. 21. Apply the Currency format with zero decimal places to the beginning balance on the bank side and then use Format Painter to apply the formatting to all other dollar amounts. 22. Adjust column widths so all information is appropriately displayed. 23. Apply a bottom border to cells below which a calculation is completed and apply a bottom double border to cells that represent the final calculation in a column. 24. Anply the Heading 4 Quick Style to the descriptions for the beginning and adjusted balances on each side of the reconciliation. Hint: Apply the setting to four cells. Finalize the Bank Reconciliation 25. Create a new conditional formatting rule to the beginning bank statement balance.ch that the cell will contain a yellow fill color and blue text if it drops below $20.000 26. Insert the Current Time code in the right section of the header and the Curre code in the left section 27. Insert the File Path code in the left section of the footer. 28. Save and close your file
