Create drop down boxes in the classification column

Assignment Help Accounting Basics

Reference no: EM131339203

Assignment

Instructions

1. In the Trial Balance Tab, create drop down boxes in the classification column so that a user can chose whether the item is an Asset, Liability or part of Owners' Equity.

2. After you have created drop down boxes, you need to click on the dropdown and enter the appropriate classification for each item. For example, in cell C6 use your drop down box and select that an Accounts payable is a Liability.

3. Sort the Accounts by the classification column. You need to sort them in the following order - Assets, Liabilities and then Owners' Equity.

4. Once the accounts have been sorted by classification, then order the accounts the way they should be listed on the trial balance. For example, a 1 should be entered for Cash in the Order column in the appropriate cell. Use numbers -19. Check figure: Cash should be in row 8 after sorting the accounts in item 3.

5. Once you have determined the proper ordering, then sort the accounts by the order column using the same method that was previously done for Classification. Check figure: Cash should be in row 6 after sorting by order.

6. On the financial Statement tab, complete three financial statements. (Statement of cash flows is omitted for this exercise.)

To complete the statements, link sources when possible and use formulas when the item is highlighted in blue. Linking an account requires you to hit ""="" and then click on the cell that you want to link. This will pull in the amount from the cell you are linking. You may link from one tab within excel to another."

Attachment:- Excel_Assignment.xlsx

Reference no: EM131339203

Questions Cloud

Necessity in the implementation of new policies : 1. Do you believe that training is a necessity in the implementation of new policies? Please support your answers. 2. Why are background checks important to information security? What purpose do they serve?

Importance of employee security awareness training : Discuss the importance of employee security awareness training. What innovative ways should company's implement security training? Please provide examples to support your answer.

Discuss how the nonverbal behavior of a patient : Discuss how the nonverbal behavior of a patient and physician can mutually influence each other. Suppose you were hired to advise incoming college freshmen on what nonverbal behavior they should enact to impress their teachers. What advice would y..

Discuss the process of development of legal personality : Individuals currently have a rather interesting status within international law. They are theoretically subjects to IL, but not fully. This is because they are bound by certain international obligations in which they are held accountable individua..

Create drop down boxes in the classification column : In the Trial Balance Tab, create drop down boxes in the classification column so that a user can chose whether the item is an Asset, Liability or part of Owners' Equity.

Components make up the system state : On a domain controller, what components make up the system state?

Solve for x to find the range of possible values of x : They determined the quantity of the unknown in their sample to be 37.5 1.2 grams. If the actual quantity of unknown is x, write their results as an absolute value inequality. Solve for x to find the range of possible values of x.

Bachelor of science in information technology program : As one of the requirements for the Bachelor of Science in Information Technology program, you must design and develop a computer program using professional principles and standards.

Choose a specific case study that demonstrates groupthink : Choose a specific case study that demonstrates Groupthink. Develop a presentation to inform about the event and describe how this event illustrates the major components of Groupthink.

User Account

All Pages