Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Transaction Analysis Construct a trial balance Assume that Harbor Marine Company reported the following summarized data at December 31, 2018. Accounts appear in no narticular
Transaction Analysis Construct a trial balance Assume that Harbor Marine Company reported the following summarized data at December 31, 2018. Accounts appear in no narticular order: dollar amounts are in millions Other liabilities Other assets Expenses Stockholders' equit Revenues Cash Accounts payable $2 million $20 million $26 million $5 million S37 million $4 million 6 million Use the blue shaded areas on the ENTERANSWERS tab for inputs Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instruction tab you will be marked wrong Requirements 1 Prepare the trial balance of Harbor Marine Company at December 31, 2018. List the accounts in their proper order a. Check your spelling carefully and do not abbreviate b. Enter amounts in millions, as provided to you in the data c. Enter the accounts in the proper order. Enter the income statement accounts on the last two lines, listing the account with the credit balance first. 2 How much was the company's net income or net loss? a. Enter the answer as a positive value b.Enter amounts in millions, as provided to you in the data Saving &Submitting Solution 1 Save file to deskto a.Create folder on desktop, and label COMPLETED EXCEL PROJECTS b. Save your solution in the folder you just created; add -solution-date to end of file name 2 Upload and submit your file to be graded a.Navigate back to the activity window - screen where you downloaded the initial spreadsheet b. Click Choose button under step 3; locate the file you just saved and click Open c. Click Upload button under step 3 d. Click Submit button under step 4 Viewing Results 1 Click on Results tab in MyAccountinglab 2 Click on the Assignment you were working on 3 Click on Project link; this will bring up your Score Card 4 Within Score Card window, click on Live Comments Report (lower right) to download spreadsheet with feedback
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started