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how do you do the IF formula?

how do you do the IF formula?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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how do you do the IF formula? 

20 21 Per statement 22 Deposits outstanding 23 Checks outstanding 24 25 Bank Balance: $16,200 Per general ledger $4,500 EFT for utilities ($1,900) Note collected Interest earned Supplies purchased Service fee NSF checks $18.800 Company balance per reconciliation Company Balance: $13,400 ($1,400) $9,000 $600 ($500) ($100) ($2,200) $18,800 26 27 28 Bank balance per reconciliation 29 30 2. Use a conditional statement to evaluate whether the reconciled balances are equal. 31 (Use cells A2 to B14 from the given information above to complete this question. Construct a conditional IF statement to return the word "Yes" if the reconciled bank balance equals the reconciled book balance, or "No" if it they are not equal. In your formula, use cell 828 for 32 the reconciled bank balance and cell D28 for the reconciled book balance.) 33 34 Does the reconciled balance per bank equal the reconciled balance per books? Yes 4
Transcribed Image Text:20 21 Per statement 22 Deposits outstanding 23 Checks outstanding 24 25 Bank Balance: $16,200 Per general ledger $4,500 EFT for utilities ($1,900) Note collected Interest earned Supplies purchased Service fee NSF checks $18.800 Company balance per reconciliation Company Balance: $13,400 ($1,400) $9,000 $600 ($500) ($100) ($2,200) $18,800 26 27 28 Bank balance per reconciliation 29 30 2. Use a conditional statement to evaluate whether the reconciled balances are equal. 31 (Use cells A2 to B14 from the given information above to complete this question. Construct a conditional IF statement to return the word "Yes" if the reconciled bank balance equals the reconciled book balance, or "No" if it they are not equal. In your formula, use cell 828 for 32 the reconciled bank balance and cell D28 for the reconciled book balance.) 33 34 Does the reconciled balance per bank equal the reconciled balance per books? Yes 4
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