Question
REQUIREMENT 1. As the accountant for Wikki Cleaners, you have been asked to prepare financial statements for the year. A file called F1WORK has
REQUIREMENT 1. As the accountant for Wikki Cleaners, you have been asked to prepare financial statements for the year. A file called F1WORK has been provided to assist you in this assignment. As you review this file, it should be noted that columns H and I will automatically change when you enter values in columns E or G. 2. Open the file F1WORK from the website for the book at cengagebrain.com. Enter the formulas in the appropriate cells on the worksheet. Then enter the adjusting amounts in columns E and G. Also, in column D or F, insert the letter corresponding to the adjusting entry (a-d). Column A is "frozen" on the screen to assist you in completing requirement 3. 3. Complete the income statement and balance sheet columns by entering formulas in columns J, K, L, and M that reference the appropriate cells in columns H or I. Net income will be automatically calculated for the income statement and balance sheet. Check to be sure that these numbers are the same. Enter your name in cell A1. Save the completed file as F1WORK3. Print the worksheet. Also print your formulas using landscape orientation and fit-to-1 page scaling. Check figure: Net income (cell J30), $71.320.
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