ANSWERS FOR THE YELLOW BOXES MUST BE SHOWN VIA EXCEL FORMULAS LISTED BELOW :
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. XD Preparing a bank reconciliation. - Excel ? FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Ruler Formula Bar Q Gridlines Headings Normal Page Break Page Custom Preview Layout Views Workbook Views Zoom 100% Zoom to Selection Window Macros Show Zoom Macros A1 X fa The June bank statement and the cash T-account for Superior Printing, Inc., is F G H 1 Balance 18,500 18.060 16,860 16,360 15.160 24,910 23.990 49,190 48,840 44,240 60.540 59.570 840 50 B D E 1 The June bank statement and the cash T-account for Superior Printing, Inc., is shown below. 2 3 BANK STATEMENT Date Checks Deposits Other 5 June 1 6 3 440 7 4 1,200 8 8 500 9 10 1,200 10 13 250 10,000 11 20 80 NSF 12 22 9,800 35,000 13 26 350 14 27 4,600 15 29 700 17.000 16 30 920 Serv. Charge Interest 17 30 600 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 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 #110 700 Chaol #111 Sheet1 + 30 59.000 Preparing a bank reconciliation. - Excel ? FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Ruler Formula Bar Normal Page Break Page Custom Preview Layout Views Gridlines Headings Zoom 100% Zoom to Selection Window Macros Workbook Views Show Zoom Macros A1 The June bank statement and the cash T-account for Superior Printing, Inc., is G H 1 29 30 32 A B D E F 4,600 Check #108 770 Check #109 31 4,900 Check #110 700 Check #111 33 920 Check #112 34 600 Check #113 35 June 30 Bal. 82,190 36 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). 43 Bank Error NSF Check Deposits in Transit Outstanding Checks 45 EFT from Customer Recording Error Interest Earned Service Charge 44 46 47 48 SUPERIOR PRINTING, INC. 49 Bank Reconciliation 50 At June 30 51 Updates to Bank Statement Updates to Company's Books 52 Ending balance per bank statement Ending cash balance per books 53 Additions: Additions: 54 55 Deductions: Deductions: 56 57 58 Up-to-date ending cash balance Up-to-date ending cash balance 59 60 4 Sheet1
