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Complete the Income Statement tab. Need help with this page. All yellow cells should be linked to the Adjusted trial balance tab. All blue cells
Complete the Income Statement tab. Need help with this page.
All yellow cells should be linked to the Adjusted trial balance tab.
All blue cells should be calculated using Excel formulas.
Cell Aorange should be completed using the IF function in Excel. You will want this cell to say Net income or Net loss depending on what you calculate in cell B
All cells with numbers should be formatted so that there are no decimal places and the comma separator is used.
The top line and bottom line of the income statement should be formatted with $ signs do NOT type the $ signs, this is formatting
In column E there are three green cells E E and E Each of these cells should be used to calculate the ratio of this line item to sales revenue. You should enter a formula that calculates the line item divided by sales revenue. The format of these three green cells should be as a percentage with two decimal places such as Do NOT TYPE the sign, use the format cell.tableABcEZach's Company,Adjusted Trial Balance,December Debit,Credit,Cash,,$Prepaid insurance,$Accounts receivable,$Land,,$Buildings,,$Equipment,,$Accumulated depreciation,,$Accounts payable,,$Salaries payable,,$Unearned service revenue,,$Longterm note payable,,$Retained earnings,,$Common Stock,,,$Dividends,,$Sales revenue,,,$Cost of goods sold,$Salaries expense,$Insurance expense,$Advertising expense,$Depreciation expense,$Income tax expense,$$
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