Problem 8 3a accounting

Pr. 8-3A

Problem 8-3A # Incorrect N-box and B-box entries COUNTIF(B15:G24,"~*")

Name: 0

Section: # N-box Incorrects due to blanks COUNTIF(B15:AT24," ")

31

Score: 0% # N-box +B-box corrects COUNTIF(B15:AT24," ")

0

Key Code: [Key code here] Total SUM(AD13:AD15)

Instructions 31

Answers are entered in the cells with gray backgrounds. Percentage =(AD16-AD13-AD14)/AD16

Cells with non-gray backgrounds are protected and cannot be edited. 0%

An asterisk (*) will appear to the right of an incorrect entry. Notes:

If number-entry box is blank (this would be an incorrect answer for N-boxes), error check returns two spaces, " "

If number-entry or blank-entry box is incorrect, returns "*"

1. AMERICAN MEDICAL CO. If number-entry or blank-entry box is correct, returns single space, " "

Bank Reconciliation Use data verification to set data entry to whole number >= 0, and use drop-downs for lables and names, so that students can't enter a space in a box and have it counted as correct.

April 30 Conditional formatting might be used but wasn't here, to hide some of the error check return symbols. If A1 = "~*", then font = red, if something else, then font = background color.

Cash balance according to bank statement

Add:

cpence: Enter the larger of the two amounts on this line. Enter the amounts as positive values.

Mark Sears: Enter the total of additions. Bank error in charging check as $420 instead of $240

Bank service charges

Deduct:

Mark Sears: Enter all amounts as positive values, whether being added or subtracted. Deposit of April 30, not recorded by bank

Adjusted balance Error in recording check

Note and interest collected by bank

Cash balance according to company's records Outstanding checks

Add:

Deduct:

cpence: Enter the larger of the two amounts on this line. Enter the amounts as positive values.

Adjusted balance

2.

April 30

cpence: Record increases to cash in this entry. Accounts Payable - Targhee Supply Co.

cpence: Enter the larger of the credits on this line. Cash

Interest Revenue

Miscellaneous Expense

30

Mark Sears: Enter the largest of the two debits first. Notes Receivable

3.

Amount to be reported on April 30 balance sheet

Sol

Problem 8-3A

Name: Solution

Section:

Scoring: ON

Instructions

Answers are entered in the cells with gray backgrounds.

Cells with non-gray backgrounds are protected and cannot be edited.

An asterisk (*) will appear to the right of an incorrect entry.

1. AMERICAN MEDICAL CO.

Bank Reconciliation

April 30

Cash balance according to bank statement $ 388,600

Add: Deposit of April 30, not recorded by bank $ 42,500

cpence: Enter the larger of the two amounts on this line. Enter the amounts as positive values.

Bank error in charging check as $420 instead of $240 180 42,680

Mark Sears: Enter the total of additions. Error in recording check

Bank error in charging check as $420 instead of $240

Deduct: Outstanding checks 61,280

Mark Sears: Enter all amounts as positive values, whether being added or subtracted. Bank service charges

Adjusted balance $ 370,000 Outstanding checks

Deposit of April 30, not recorded by bank

Cash balance according to company's records $ 334,985 Note and interest collected by bank

Add: Note and interest collected by bank 42,000

Deduct: Error in recording check $ 6,840

cpence: Enter the larger of the two amounts on this line. Enter the amounts as positive values.

Bank service charges 145 6,985

Adjusted balance $ 370,000

2.

April 30 Cash

cpence: Record increases to cash in this entry. 42,000 Accounts Payable - Targhee Supply Co.

Notes Receivable

cpence: Enter the larger of the credits on this line. 40,000 Cash

Interest Revenue 2,000 Interest Revenue

Miscellaneous Expense

30 Accounts Payable - Targhee Supply Co.

Mark Sears: Enter the largest of the two debits first. 6,840 Notes Receivable

Miscellaneous Expense 145

Cash 6,985

3.

Amount to be reported on April 30 balance sheet $ 370,000

Applied Sciences

Architecture and Design

Biology

Business & Finance

Chemistry

Computer Science

Geography

Geology

Education

Engineering

English

Environmental science

Spanish

Government

History

Human Resource Management

Information Systems

Law

Literature

Mathematics

Nursing

Physics

Political Science

Psychology

Reading

Science

Social Science

Home

Blog

Archive

Contact

google+twitterfacebook

Copyright © 2019 HomeworkMarket.com