CH 01

Instructions for the Microsoft Excel Templates by Rex A Schildhouse
Extensive detail and information is contained within the help function of Microsoft Excel and in the provided text.
If more than one page is required by the template, manual page breaks have been set to provide consistent presentation.
And information or data which may be required by the solution will be entered in cells with borders to help identify them.
Be advised, the template workbooks and worksheets are not protected.
Overtyping any data may remove it.
ou should enter your name! date! instructor"s name! and course into the cells at the top of the pa#e. This information will be printed
on the top of each pa#e if the template requires more than one pa#e.
Each template is set to print with File Name, Page of Page!s", the print date, and the print time to assist in assembly
of multiple pages.
#ll of the cells have been correctly formatted for presentation and should not require any ad$ustment. For e%ample, if the
te%t requires one, two, or three significant digits in a presentation, the template has been set for that presentation in the
appropriate cells.
In #eneral! the yellow hi#hli#hted cells are the cells which wor$ and effort should be presented. These entries may include date%s&!
account title%s&! values! memorandum appropriate to the entry! or text answers to questions.
'here a yellow hi#hli#hted cell shows ()ate( enter the appropriate date for that step of the challen#e. This may be any date format
that Microsoft Excel accepts. Some of these formats include (*+*+*,(! (-*+-*+*,(! and (-*+-*+,-*,.( All of these will return .anuary
-*! ,-*-! in the format set in the template.
'here a yellow hi#hli#hted cell shows (Acct /br( enter the appropriate account number! provided in the template and in the text for
that step of the challen#e. This is entry may be a (0oo$ to( formula to another cell where that information has been provided or
previously entered.
'here a yellow hi#hli#hted cell shows (Account Title( enter the appropriate account title for that step of the challen#e. This is a text
entry and most of those cells are set for the proper indentation for that step. 1requently the chart of accounts appropriate to the
challen#e is provided and you can use the (loo$ to( formula to reference the appropriate account title without typin# it.
2hec$ with your instructor to see if abbreviated account titles are acceptable. 1or example (A+R( for Accounts Receivable! (A+3( for
Accounts 3ayable. If your instructor is usin# a comparison process between wor$boo$s for #radin#! these abbreviates may not be
acceptable.
'here a yellow hi#hli#hted cell shows titles such as (4alues!( (Amounts!( or (5uantities( enter the appropriate numerical value for
that step of the challen#e. The cell is formatted for proper presentation of the entered information. If a dollar si#n is appropriate! it
should not be entered! Microsoft Excel will place it there throu#h formattin#. 2ommas and si#nificant di#its %decimals& are also set
throu#h formattin# for common presentation. Since the formattin# of the templates is not protected by any password! you may chan#e
any of the formattin# found in the templates to meet your desires.
'here a yellow hi#hli#hted cell shows titles such as (1ormula( you may enter the appropriate formula or enter a numerical value
appropriate for that step of the challen#e. Most of the values necessary for the appropriate formula are located on the template in cells
with borders or in other yellow hi#hli#hted cells. The formula may be a simple (0oo$ to( formula! an equal si#n and a cell reference!
(6E,7( or more complex as (6E,789!( or somethin# similar to the time:value:of:money formula. These are addressed in the tutorial
text provided for Microsoft Excel.
'here a yellow hi#hli#hted cell shows titles such as (1ormula( you may enter the appropriate formula or enter a numerical value
appropriate for that step of the challen#e. Most of the values necessary for the appropriate formula are located on the template in cells
with borders or in other yellow hi#hli#hted cells. The formula may be a simple (0oo$ to( formula! an equal si#n and a cell reference!
(6E,7( or more complex as (6E,789!( or somethin# similar to the time:value:of:money formula. These are addressed in the tutorial
text provided for Microsoft Excel.
'here a yellow hi#hli#hted cell shows (Text( enter the appropriate text for that step of the challen#e. This may be a memorandum
entry for a ;ournal entry or a len#thy text answer discussin# the results of an analysis of a company"s financials. These titles can simply
be typed over.
'here a yellow hi#hli#hted cell shows titles such as (.ournal /umber( or (.ourn <( you should enter the appropriate number provided
in the template and in the text for that step of the challen#e. In #eneral this will appear in instances such as (Record the followin#
events in =eneral .ournal number six.(
The print area is defined to fit onto > *+,( ? **( sheets in portrait or landscape mode as required. Mar#ins are #enerally set to no less
than *+,( so most printers can print them without a problem. If you printer cannot accept mar#ins less than *( you may have to
reformat the mar#ins throu#h 3a#e Setup.
The display may have (1ree@e 3ane( invo$ed so column titles remain visible durin# data entry. This can be removed by utili@in# the
4iew menu and selectin# (Anfree@e 3anes( under (1ree@e 3anes.(
'hen ne#ative values are required! enter them by startin# with a minus si#n! (:(. /e#ative values may be shown as %BC--& or :BC--.
/e#ative values in formulas can be created by puttin# a minus si#n in front of the cell reference : (6E*-8:E**( will return a ne#ative
value if both cells E*- and E** contain positive values.
Microsoft Dffice and Microsoft Excel are products of! and copyri#hted by!
Microsoft 2orporation! Dne Microsoft 'ay! Redmond! 'ashin#ton E>-9,:FGEE
If more than one page is required by the template, manual page breaks have been set to provide consistent presentation.
&'()('*+,.%ls%, Problem P)-)#, Page + of )& Page!s", .*/&&/&.)0)*1+(1+.
Name: Date:
Instructor: Course:
P1-1A, Analyze transactions and compute net income.
2hreet3s 4epair 5hop was started on 6ay ) by Erica 2hreet. # summary of 6ay transactions is presented below.
7).,... 7),...
7+,... 7&,...
70.. 7)*.
7+.. 7*+.
7&+. 7)&.
78,)..
Instructions:
Assets 9 Liabilities + Owner's Equity
:ash ; ; 5upplies ; Equipment 9 #ccounts Payable ; <wner=s :apital - ; 4evenues - E%penses
) ; ; ; 9 ; - ; -
& ; ; ; 9 ; - ; -
Formula ; Formula ; Formula ; Formula 9 Formula ; Formula - Formula ; Formula - Formula
' ; ; ; 9 ; - ; -
0 ; ; ; 9 ; - ; -
+ ; ; ; 9 ; - ; -
8 ; ; ; 9 ; - ; -
* ; ; ; 9 ; - ; -
, ; ; ; 9 ; - ; -
( ; ; ; 9 ; - ; -
). ; ; ; 9 ; - ; -
)) ; ; ; 9 ; - ; -
Formula Formula
#ccount title #mount
E%penses
#ccount title #mount Formula
2itle Formula
Accounting Principles, 2enth Edition by >eygandt, ?ieso, and ?immel
Primer on sing E!cel in Accounting by 4e% # 5childhouse
"# Invested cash to start the repair shop $# >ithdrew cash for personal use
%# Purchased equipment for cash &# Paid part-time employee salaries
'# Paid cash for 6ay office rent (# Paid utilities bills
)# Paid cash for supplies "*# Provided repair services on account to customers
+# Incurred advertising costs in the Beacon News on account ""# :ollected cash for services billed in transaction !)."
,# 4eceived cash from customers for repair services
-a. Prepare a tabular analysis of the transactions, using the following column headings1 :ash, #ccounts 4eceivable, 5upplies, Equipment, #ccounts Payable, <wner3s :apital, <wner3s @rawings,
4evenues, and E%penses.
2ransaction
Number1
#ccounts
4eceivable
<wner=s
@rawings
-b. From an analysis of the owner3s equity columns, compute the net income or net loss for 6ay.
&'()('*+,.%ls%, Problem P)-)A, Page 8 of )& Page!s", .*/&&/&.)0)*1+(1+.
Name: Date:
Instructor: Course:
P1-1B, Analyze transactions and compute net income.
<n #pril ), Bince 6orelli established Bince3s 2ravel #gency. 2he following transactions were completed during the month.
7)+,... 7+..
78.. 7+..
7',... 7&,+..
7*..
70,... 7,..
7).,...
:ash received from customers is 7',...
and the balance billed to customers on account. 7*,...
Instructions:
Assets 9 Liabilities + Owner's Equity
:ash ; ; 5upplies ; Equipment 9 #ccounts Payable ; <wner=s :apital - ; 4evenues - E%penses
) ; ; ; 9 ; - ; -
& ; ; ; 9 ; - ; -
' ; ; ; 9 ; - ; -
0 ; ; ; 9 ; - ; -
+ ; ; ; 9 ; - ; -
8 ; ; ; 9 ; - ; -
* ; ; ; 9 ; - ; -
, ; ; ; 9 ; - ; -
( ; ; ; 9 ; - ; -
)) ; ; ; 9 ; - ; -
Formula Formula
E%penses
#ccount title #mount Formula
2itle Formula
"# Invested cash to start the agency. $# >ithdrew cash for personal use
%# Paid cash for #pril office rent &# Paid :hicago 2ribune of the amount due in transaction !0".
'# Purchased office equipment for cash (# Paid employee salaries
)# Incurred advertising costs in the Chicago Tribune on account "*# 4eceived cash from customers who have previously been
billed in transaction !8". +# Paid cash for office supplies
,# Earned 7).,... for services rendered1
-a. Prepare a tabular analysis of the transactions using the following column headings1 :ash, #ccounts 4eceivable, 5upplies, Equipment, #ccounts Payable, <wner3s :apital, <wner3s @rawings,
4evenues, and E%penses.
2ransaction
Number1
#ccounts
4eceivable
<wner=s
@rawings
-b. From an analysis of the owner3s equity columns, compute the net income or net loss for #pril.
&'()('*+,.%ls%, Problem P)-&A, Page * of )& Page!s", .*/&&/&.)0)*1+(1+.
Name: Date:
Instructor: Course:
P1-2B, Analyze transactions and prepare income statement, owners equity statement, and balance sheet.
Cuanita Pierre opened a law office, on Culy ), &.)&. <n Culy '), the balance sheet showed1
:ash 7+,... 5upplies 7+.. #ccounts Payable
#ccounts receivable 7),+.. Equipment 78,... <wner=s :apital
@uring #ugust the following transactions occurred1
7),&..
7&,,.. paid rent for #ugust of
7*,+.. and paid advertising e%pense of
7',...
7&,...
70..
Instructions:
Assets 9 Liabilities +
:ash ; ; 5upplies ; Equipment 9 ; #ccounts Payable ;
AA 7+,... ; 7),+.. ; 7+.. ; 78,... 9 7. ; 70,&.. ;
) ; ; ; 9 ; ;
Formula ; Formula ; Formula ; Formula 9 Formula ; Formula ;
& ; ; ; 9 ; ;
' ; ; ; 9 ; ;
0 ; ; ; 9 ; ;
+ ; ; ; 9 ; ;
; ; ; 9 ; ;
; ; ; 9 ; ;
"# :ollected cash on accounts receivable +# Paid salaries of
%# Paid cash on accounts payable
'# Earned revenues of
of this total amount, this amount was collected in cash
with the balance due in 5eptember
,# >ithdrew cash for personal use
$# 4eceived money borrowed from 5tandard Federal Aank on a note payable
)# Purchased additional office equipment for &# Incurred utility e%penses for the month on account of
paying this amount in cash
and the balance on account.
-a. Prepare a tabular analysis of the #ugust transactions beginning with Culy ') balances. 2he column headings should be as follows1 :ash ; #ccounts 4eceivable ; 5upplies ; Equipment 9 Notes Payable ; #ccounts
Payable ; <wner3s :apital - <wner3s @rawings ; 4evenues - E%penses.
2ransaction
Number1
#ccounts
4eceivable
Notes
Payable
&'()('*+,.%ls%, Problem P)-&A, Page , of )& Page!s", .*/&&/&.)0)*1+(1+.
Name: Date:
Instructor: Course:
+
8 ; ; ; 9 ; ;
* ; ; ; 9 ; ;
, ; ; ; 9 ; ;
Formula
&'()('*+,.%ls%, Problem P)-&A, Page ( of )& Page!s", .*/&&/&.)0)*1+(1+.
Name: Date:
Instructor: Course:
/ANI0A PIE11E2 A00O1NE3 A0 LA4 /ANI0A PIE11E2 A00O1NE3 A0 LA4
Income 5tatement Aalance 5heet
For the 6onth Ended #ugust '), &.)& #ugust '), &.)&
4evenues #ssets
#ccount title #mount #ccount title #mount
E%penses #ccount title #mount
#ccount title #mount 2otal assets
2otal e%penses Formula Diabilities and <wner3s Equity
Net income Formula Diabilities
/ANI0A PIE11E2 A00O1NE3 A0 LA4 2otal liabilities
<wner3s Equity 5tatement <wner3s equity
For the 6onth Ended #ugust '), &.)& #ccount title
<wner=s :apital, #ugust ) #mount 2otal liabilities and owner3s equity
#dd1 2itle #mount
Formula
Dess1 2itle #mount
<wner=s :apital, #ugust ') Formula
-b. Prepare an income statement for #ugust, an owner=s equity statement, for #ugust and a balance sheet at #ugust ').
&'()('*+,.%ls%, Problem P)-&A, Page ). of )& Page!s", .*/&&/&.)0)*1+(1+.
P1-2B, Analyze transactions and prepare income statement, owners equity statement, and balance sheet.
Cuanita Pierre opened a law office, on Culy ), &.)&. <n Culy '), the balance sheet showed1
70,&..
7,,,..
@uring #ugust the following transactions occurred1
7&,+..
paid rent for #ugust of 7(..
and paid advertising e%pense of 70..
7*..
7&,...
7&*.
Instructions:
Owner's Equity
- ; 4evenues - E%penses
7,,,.. - 7. ; 7. - 7.
- ; -
Formula - Formula ; Formula - Formula
- ; -
- ; -
- ; -
- ; -
- ; -
- ; -
Paid salaries of
>ithdrew cash for personal use
4eceived money borrowed from 5tandard Federal Aank on a note payable
Incurred utility e%penses for the month on account of
Prepare a tabular analysis of the #ugust transactions beginning with Culy ') balances. 2he column headings should be as follows1 :ash ; #ccounts 4eceivable ; 5upplies ; Equipment 9 Notes Payable ; #ccounts
<wner=s
:apital
<wner=s
@rawings
&'()('*+,.%ls%, Problem P)-&A, Page )) of )& Page!s", .*/&&/&.)0)*1+(1+.
- ; -
- ; -
- ; -
Formula
&'()('*+,.%ls%, Problem P)-&A, Page )& of )& Page!s", .*/&&/&.)0)*1+(1+.
/ANI0A PIE11E2 A00O1NE3 A0 LA4
Aalance 5heet
#ugust '), &.)&
#ssets
Formula
Diabilities and <wner3s Equity
Formula
<wner3s equity
#mount
Formula

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Instructions for the Microsoft Excel Templates by Rex A Schildhouse

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