Question
Maple Moving Company has provided you its list of accounts and unadjusted balances as of December 31. Year 2, along with selected year-end data.
Maple Moving Company has provided you its list of accounts and unadjusted balances as of December 31. Year 2, along with selected year-end data. The Controller has asked you to prepare an income statement and balance sheet for the year ended December 31, Year 2. 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. In the Excel Simulation below, if "-B3" is entered in a blank cell, the formula outputs the result from cell B3, which is $62,500 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). In the Excel Simulation below, if-B3+B4" is entered in a blank cell, the formula adds the values from those cells and outputs the result, which is 229,660 in this example. If using the other math symbols, the result is an appropriate answer for the function. SUM function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges to utilize this function. In the Excel Simulation below, if "-SUM(B3,84,85)" is entered in a blank cell, the formula outputs the result of adding those three separate cells, which is 297,260 in this example. Similarly, if "-SUM(B3:B5)" is entered in a blank cell, the formula outputs the same result of adding those cells even though they are expressed as a range in the formula, so the result is 297,260 in this example. Reporting adjusted account balances-Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri 11 A % M Paste BIU : Alignment Number Conditional Format as Cel Formatting Table Styles Cells Editing Clipboard Font 6 Styles A1 4 X S On December 31, Year 2, Maple Moving Company had the following balances 9 Wages Payable 10 Unearned Revenue B 6,600 C D E x
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