Using Excel to Determine the Adjusted Cash Balance PROBLEM For the month of August, Pratt Company has the following information concerning its checking account at its bank. $ 9,500 $ 800 Cash balance per books, August 31 Outstanding checks Data from the bank statement Charge for printing Pratt Company checks Interest earned on checking account balance 35 40

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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See the picture below. I know my answer is right but the mathematical formula is wrong. THIS PROBLEM REQUIRES THE CORRECT MATHEMATICAL FORMULA AND CELL REFERENCING. DON'T FORGET TO INCLUDE THOSE TWO ITEMS IN THE ANSWER!!!!!
Formatting as Table Styles
E Format v
Filter
Select
111
fx =(D8+D12)-D11
A B
C
D
G
H
K
L
M
1 Formula: Add, Subtract; Cell Referencing
2
3 Using Excel to Determine the Adjusted Cash Balance
Student Work Area
PROBLEM
For the month of August, Pratt Company has the following information
4
Required: Provide input into cells shaded in yellow in this template.
5
Use mathematical formulas with cell references to the Problem
6 concerning its checking account at its bank.
area.
7
$ 9,500
Cash balance per books, August 31
Outstanding checks
8
9
%24
800
Determine the adjusted cash balance per books at August 31
10
Data from the bank statement
Incorrect
Adjusted cash balance per books
Charge for printing Pratt Company checks
Interest earned on checking account balance
11
35
9,505
40
Feedback: Use a mathematical formula with cell references to the Problem area to calculate
the adjusted cash balance per books.
12
13
14
Formula: Add, Subtract; Cell reference.
Input a mathematical formula with a cell reference to the Problem area.
15
16
17
18
19
Transcribed Image Text:Formatting as Table Styles E Format v Filter Select 111 fx =(D8+D12)-D11 A B C D G H K L M 1 Formula: Add, Subtract; Cell Referencing 2 3 Using Excel to Determine the Adjusted Cash Balance Student Work Area PROBLEM For the month of August, Pratt Company has the following information 4 Required: Provide input into cells shaded in yellow in this template. 5 Use mathematical formulas with cell references to the Problem 6 concerning its checking account at its bank. area. 7 $ 9,500 Cash balance per books, August 31 Outstanding checks 8 9 %24 800 Determine the adjusted cash balance per books at August 31 10 Data from the bank statement Incorrect Adjusted cash balance per books Charge for printing Pratt Company checks Interest earned on checking account balance 11 35 9,505 40 Feedback: Use a mathematical formula with cell references to the Problem area to calculate the adjusted cash balance per books. 12 13 14 Formula: Add, Subtract; Cell reference. Input a mathematical formula with a cell reference to the Problem area. 15 16 17 18 19
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