Formula: Subtract; Cell Referencing Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem and work areas as Using Excel to Record Adjusting Entries PROBLEM Lahey Advertising Company's maintains a general ledger account for Supplies. A count on December 31 determined the company has supplies on hand. The following information is from the company's trial balance. indicated. Prepare the adjusting entry at December 31, and using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted January 1, Supplies on hand Supplies expense December 31, Supplies on hand 2$ 8,800 balance in each account. 1,100 Adjusting entry Date Debit Credit
Formula: Subtract; Cell Referencing Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem and work areas as Using Excel to Record Adjusting Entries PROBLEM Lahey Advertising Company's maintains a general ledger account for Supplies. A count on December 31 determined the company has supplies on hand. The following information is from the company's trial balance. indicated. Prepare the adjusting entry at December 31, and using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted January 1, Supplies on hand Supplies expense December 31, Supplies on hand 2$ 8,800 balance in each account. 1,100 Adjusting entry Date Debit Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please see below. This problem uses excel. Need help with this.
Transcribed Image Text:Formula: Subtract; Cell Referencing
Student Work Area
Using Excel to Record Adjusting Entries
PROBLEM
Required: Provide input into cells shaded in yellow in this template. Use
mathematical formulas with cell references to the Problem and work areas as
Lahey Advertising Company's maintains a general ledger
account for Supplies. A count on December 31 determined the
company has supplies on hand. The following information is
from the company's trial balance.
indicated.
Prepare the adjusting entry at December 31, and using T-accounts, enter the
balances in the accounts, post the adjusting entry, and indicate the adjusted
January 1, Supplies on hand
Supplies expense
December 31, Supplies on hand
2$
8,800
balance in each account.
1,100
Adjusting entry
Date
Debit
Credit
L7
8
T-accounts
Supplies
9
20
21
22
23
24
Supplies Expense
25
26
27
28
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