Question & Answer: 67 An Introduction to Accounting Required Recreate the financial statements using your own Excel spreadsheet……

67 An Introduction to Accounting Required Recreate the financial statements using your own Excel spreadsheet. a. For each number with an arrow by it, enter a formula in that particular cell address to solve for the number shown. (Do not enter the arrow.) When complete, print the spreadsheet with formulas rather than absolute numbers. b. Cash Fws fom Operating Actiies STATENENT OF CHANGES IN EQUITY FOR YEAR ENDED 12-31-13 Cash Paid for Experses Net Cash Flews fom Opereting Activiies 10 Beginrng Commion Soak Ending Cemmon lows ham Financirg Activlns Cash Received tom Bonowva Fund, 14 Deginning Retained Emings 3,000 Pus Net hcome foss . CashPaid to Reduce Debt fan Sock 6,100 17 Endng Retained Eam ngs Net Cash Flewa Fan Financing ewoes Total Steckhoidere Equity Net Change in Cash Plhs Beginning Cash Balace Endirg Cash Balance AS OF THE END OF THE YEAR 12-31-13 5000 Common Stock Awained 321 etal Stockholder 34 Total Liabies and Stockholdere Equty Spreadsheet Tips Widen a column by positioning the cursor on the vertical line between two column headings until cross-hairs appear. Either double click to automatically widen, or click and drag the crosshair to the desired width. Negative numbers can be parenthesized by choosing Format and then Cells. Under Number, choose Custom and under Type, choose the first option containing parentheses. The SUM function is one way to add a series of numbers. For example, the formula for net income in cell B6 is SUM(B4:B5). (1) (2) (3) (4) Single and double lines can be drawn using the Borders icon. (5) Print a spreadsheet on one page by choosing File, Page Setup, and Fit to 1. (6) Print without gridlines by choosing File, Page Setup, and Sheet and uncheck Gridlines Another option is to choose Tools and Options and uncheck Gridlines. Print formulas by choosing Tools, Options, and Formulas. (7) ATC 1-9 Spreadsheet Assignment Mastering Excel Required a. Enter the following headings for the horizontal statements model onto a blank spreadsheet.Question & Answer: 67 An Introduction to Accounting Required Recreate the financial statements using your own Excel spreadsheet...... 1

67 An Introduction to Accounting Required Recreate the financial statements using your own Excel spreadsheet. a. For each number with an arrow by it, enter a formula in that particular cell address to solve for the number shown. (Do not enter the arrow.) When complete, print the spreadsheet with formulas rather than absolute numbers. b. Cash Fws fom Operating Actiies STATENENT OF CHANGES IN EQUITY FOR YEAR ENDED 12-31-13 Cash Paid for Experses Net Cash Flews fom Opereting Activiies 10 Beginrng Commion Soak Ending Cemmon lows ham Financirg Activlns Cash Received tom Bonowva Fund, 14 Deginning Retained Emings 3,000 Pus Net hcome foss . CashPaid to Reduce Debt fan Sock 6,100 17 Endng Retained Eam ngs Net Cash Flewa Fan Financing ewoes Total Steckhoidere Equity Net Change in Cash Plhs Beginning Cash Balace Endirg Cash Balance AS OF THE END OF THE YEAR 12-31-13 5000 Common Stock Awained 321 etal Stockholder 34 Total Liabies and Stockholdere Equty Spreadsheet Tips Widen a column by positioning the cursor on the vertical line between two column headings until cross-hairs appear. Either double click to automatically widen, or click and drag the crosshair to the desired width. Negative numbers can be parenthesized by choosing Format and then Cells. Under Number, choose Custom and under Type, choose the first option containing parentheses. The SUM function is one way to add a series of numbers. For example, the formula for net income in cell B6 is SUM(B4:B5). (1) (2) (3) (4) Single and double lines can be drawn using the Borders icon. (5) Print a spreadsheet on one page by choosing File, Page Setup, and Fit to 1. (6) Print without gridlines by choosing File, Page Setup, and Sheet and uncheck Gridlines Another option is to choose Tools and Options and uncheck Gridlines. Print formulas by choosing Tools, Options, and Formulas. (7) ATC 1-9 Spreadsheet Assignment Mastering Excel Required a. Enter the following headings for the horizontal statements model onto a blank spreadsheet.

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Question & Answer: 67 An Introduction to Accounting Required Recreate the financial statements using your own Excel spreadsheet...... 2Question & Answer: 67 An Introduction to Accounting Required Recreate the financial statements using your own Excel spreadsheet...... 3

a. Balance sheet Income statement Statement of
Assets Liabilities & stockholder’s equity cash flows
Event Number Cash Land = Loan payable Common stock Retained earnings Revenue Expenses = Net income Amount Activity
1 6100 6100 6100 Financing
2 -4400 4400 -4400 Investing
3 3000 3000 3000 Financing
4 700 700 700 Operating
5 -300 300 -300 Operating
6 -100 -100 -100 Financing
400 400
Total 5000 4400 3000 6100 300 700 300 400 5000
Total assets 9400 Total liabilities &
stockholder’s equity 9400
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