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5 points 1 Skloped Preparing a Bank Reconciliation using Excel's Basic Math Functions and Cell Reference Superior Printing, Inc. has provided you with its bank
5 points 1 Skloped Preparing a Bank Reconciliation using Excel's Basic Math Functions and Cell Reference Superior Printing, Inc. has provided you with its bank statement and Cash T-Account for the month of June. The Controller has asked you to prepare the Bank Reconciliation for the month of June. Use the information included in the Excel Simulation and the Excel functions described below to complete the task. . Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell."-B11" was entered, the formula would output the result from cell B11, or 80 in this example. Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: +(plus sign to add). - (minus sign to subtract), "(asterisk sign to multiply), and /(forward slash to divide). From the Excel Simulation below, if in a blank cell "=B11+B12" was entered, the formula would add the values from those cells and output the result, or 9,880 in this example. If using the other math symbols the result would output an appropriate answer for its function. References 3 Preparing a bank reconciliation Excel 7 FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri A A " Paste BIU Alignment Number Conditional Format as Cell Formatting Table Styles Cells Editing Clipboard Font Styles A1 The June bank statement and the cash T-account for Superior Printing, Inc., is B E The June bank statement and the cash T-account for Superior Printing, Inc., is shown below. F Date June 1 Checks 3 BANK STATEMENT Deposits Other Balance 18,500 440 1,200 18,060 16,860 8 500 16,360 10 S 1,200 15,160 13 250 10,000 24,910 20 80 NSF 840 23,990 22 9,800 35,000 49,190 15 26. 350 48,840 24 27 4,600 44,240 15 29 700 17,000 60,540 16 30 920 Serv. Charge 50 59,570 17 30 600 Interest 30 59,000 Earned 18 19 Cash 20 June 1 Bal. 18,500 21 June 13 deposit 10,000 440 Check #100 22 June 22 deposit 35,000 1,200 Check #101 23 June 29 deposit 17,000 500 Check #102 Sheet1 READY Attempt(s) 100% FILE HOME INSERT PAGE LAYOUT Calibri 11 A Paste BIU 4 Clipboard Font G A1 E x Fx B Preparing a bank reconciliation. - Excel FORMULAS DATA % ? 4 0 REVIEW VIEW Sign In Cells Alignment Number Conditional Format as Cell Formatting Table Styles- Styles Editing The June bank statement and the cash T-account for Superior Printing, Inc., is D 19 Cash 20 June 1 Bal. 18,500 21 June 13 deposit 10,000 440 Check #100 22 June 22 deposit 35,000 1,200 Check #101 23 June 29 deposit 17,000 500 Check #102 24 June 30 deposit 28,000 1,200 Check #103 25 250 Check #104. 26 80 Check #105 27 9,800 Check #106 28 350 Check # 107 29 4,600 Check # 108 30 770 Check #109 31 4,900 Check #110 32 33 34 700 Check #111 920 Check #112 600 Check #113 35 June 30 Bal. 82,190 36 F 37 Required: 38 Prepare a bank reconciliation for June using the bank statement and T-account above and the information below. 39 Additional information: 40 There were no deposits in transit or outstanding checks at May 31. 41 Note: Columns C and F must be entered as positive values. In columns B & E, use cell references 42 to the appropriate items from the list below. List "Deductions" in chronological order (earliest item first). READY Attempt(s) Sheet1 100% Preparing a bank reconciliation - Excel FORMULAS DATA ? REVIEW VIEW Sign In Alignment Number Conditional Format as Cell FILE HOME INSERT PAGE LAYOUT Calibri 11 Paste BIU Clipboard Font A1 1 x A B Formatting Table Styles- Styles Cells Editing The June bank statement and the cash T-account for Superior Printing, Inc., is 49 50 51 Updates to Bank Statement 52 Ending balance per bank statement 53 Additions: 54 55 Deductions: 56 57 Bank Reconciliation At June 30 Updates to Company's Books Ending cash balance per books Additions: Deductions: 58 Up-to-date ending cash balance JUp-to-date ending cash balance 59 60 61 62 READY Attempt(s) Sheet1 4 100%
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