Function: SUM; Formula: Add, Subtract; Cell Referencing

Using Excel to Prepare an Income Statement, a Retained Earnings Statement, and a Balance Sheet

Function: SUM; Formula: Add, Subtract; Cell Referencing

PROBLEM PART A$)$

Reese Inc., a provider of consulting services, was founded on October $1,2027.$ At the end of the first month of operations, the company decided to prepare an income statement, retained earnings statement, and balance sheet using the following information.

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PROBLEM PART B$)$

Reese Inc., a provider of consulting services, was founded on October $1,2027.$ At the end of the first month of operations, the company decided to prepare an income statement, retained earnings statement, and balance sheet using the information on the Data$\_$Net$\_$Income worksheet.

Student Work Area

Required: Provide input into cells shaded in yellow in this templat Input the required mathematical formulas or functions with cell references to the Problem area or work area as indicated.

Prepare a retained earnings statement for the month of October $2027.$

Reese Inc.

Retained Earnings Statement

For the Month Ended October $31,2027$

Function: SUM; Formula: Add, Subtract; Cell Referencing

Using Excel to Prepare an Income Statement, a Retained Earnings Statement, and a Balance Sheet

PROBLEM PART C$)$

Reese Inc., a provider of consulting services, was founded on October $1,2027.$ At the end of the first month of operations, the company decided to prepare an income statement, retained earnings statement, and balance sheet using the information on the Data$\_$Net Income worksheet.

Student Work Area

Required: Provide input into cells shaded in yellow in this template. Input the required mathematical formulas or functions with cell references to the Problem area or work area as indicated.

Prepare a balance sheet as of October $31,2027.$ List the asset and stockholder equity accounts in the order presented in your text book. List the liability accounts in alphabetical order.

Reese Inc.

Balance Sheet

October $31,2027$a$\_$