Reporting Adjusted Account Balances using Excel's SUM, Basic Math Functions and Cell Referencing Maple Moving Company has provided a list of its account balances as of December 31, 2016 before year-end adjustments. The Controller has also provided you with a list of year end data to determine the adjusted account balances and has asked you to prepare the adjusted trial balance. 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, "=B3" was entered, the formula would output the result from cell B3, or 62,000 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 "=B3+B4" was entered, the formula would add the values from those cells and output the result, or 113,000 in this example. If using the other math symbols the result would output an appropriate answer for its 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. From the Excel Simulation below, if in a blank cell"=SUM(C3,C4,C5)" was entered, the formula would output the result of adding those three separate cells, or 114,000 in this example. Similarly, if in a blank cell"=SUM(C3:C5)" was entered the formula would output the same result of adding those cells, except they are expressed as a range in the formula, and the result would be 114,000 in this example. xl 5 Reporting adjusted account balances - Excel ? X FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri 11 AA % Paste BIU- Alignment Number Conditional Format as Cell Formatting Table Styles Cells Editing Clipboard Font Styles E29 A B D E F 1 On December 31, 2016, Maple Moving Company had the following balances before year end adjustments: 2 $ 3 Cash 4 Accounts Receivable 5 Prepaid Rent 6 Prepaid Insurance 7 Supplies 8 Trucks 9 Accumulated Depreciation 10 Accounts Payable 11 Interest Payable 12 Wages Payable 13 Unearned Revenue 14 Notes Payable 15 Common Stock 16 Retained Earnings 17 Service Revenue 18 Wages Expense 19 Insurance Expense 20 Rent Expense 21 Supplies Expense 22 Depreciation Expense 23 Interest Expense 24 62,000 51,000 1,000 750 67,600 176,000 17,600 37,500 5,000 10,000 6,600 100,000 66,000 23,400 167,000 61,000 2,750 11,000 A B D F 21 Supplies Expense 22 Depreciation Expense 23 Interest Expense 24 25 Required: 26 Use the above account balances and the following year end data to determine adjusted account balances and prepare an adjusted trial balance. 27 Note: If nothing belongs in a cell, leave it blank. You may include blank cells in calculations. 28 NOTE: After completing the adjusted trial balance, you must click through every remaining blank cell in order to receive a "complete" message when submitting. 29 30 One month of rent used: 1,000 31 One month of insurance used: 250 32 Interest owed but not yet paid: 10,800 33 Supplies on hand: 15,000 34 Truck depreciation expense 35,200 35 Unpaid wages earned by employees: 3,500 36 Unearned revenue that has been earned: 2,000 37 38 39 40 41 MAPLE MOVING COMPANY Adjusted Trial Balance at December 31, 2016 12 AA NA NA Dobito D E F Credits A B 41 at December 31, 2016 42 Account Name Debits 43 Cash 44 Accounts Receivable 45 Prepaid Rent 46 Prepaid Insurance 47 Supplies 48 Trucks 49 Accumulated Depreciation 50 Accounts Payable Interest Payable 52 Wages Payable 53 Unearned Revenue 54 Notes Payable 55 Common Stock 56 Retained Earnings 57 Service Revenue 58 Wages Expense 59 Insurance Expense 60 Rent Expense 61 Supplies Expense 62 Depreciation Expense 63 Interest Expense 64 Totals Sheet1 READY 100%