UPDATES AVAILABLE Updates for Office ate ready to be installed, but fiest we need to close some apps Update now D Requirement 8: Complete the Income Statement. Cedar River Trikes Income Statement Month Ended June 30, 2018 Sales Revenue 450,000 Cost of Goods Sold Gross Profit 249,300 Selling and Administrative Expense Net Income 200, 700 5,400 206, 100 HINTS All values should be entered as positive values where appropriate. Use minus sign to enter valuea being deducted. Cell | Hint: Use the numeric values from other tabs where appropriate. Do not use an equal sign () when %24

Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter25: Segment Income Statement (dept)
Section: Chapter Questions
Problem 2R
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Requirement 8: Complete the Income Statement.
17
18
Cedar River Trikes
19
Income Statement
Month Ended June 30, 2018
20
21
22
(23
Sales Revenue
450,000
Cost of Goods Sold
25
24
249,300
Gross Profit
200, 700
5,400
206, 100
26
Selling and Administrative Expense
27
Net Income
28
29
30
31 HINTS
All values should be entered as positive values where appropriate. Use minus sign to enter valuea
32 being deducted.
33
Cell | Hint:
(Use the numeric values from other tabs where appropriate. Do not use an equal sign () when
instructions
ENTERANSWERS1
ENTERANSWERS2
ENTERANSWERS3
ENTERANSWERS4
ENTERANSIVER
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O Type here to search
Transcribed Image Text:File Home Insert Page Layout Formulas Data Review View Help Calibri 11 -A A 22 Wrap Text General Paste BIU- O. A- S- % 9 8 8 Co E Merge & Center Fom Clipboard Font Alignment Number i UPDATES AVAILABLE Updates for Office ate ready to be installed, but first we need to close some apps Update now M3 15 16 Requirement 8: Complete the Income Statement. 17 18 Cedar River Trikes 19 Income Statement Month Ended June 30, 2018 20 21 22 (23 Sales Revenue 450,000 Cost of Goods Sold 25 24 249,300 Gross Profit 200, 700 5,400 206, 100 26 Selling and Administrative Expense 27 Net Income 28 29 30 31 HINTS All values should be entered as positive values where appropriate. Use minus sign to enter valuea 32 being deducted. 33 Cell | Hint: (Use the numeric values from other tabs where appropriate. Do not use an equal sign () when instructions ENTERANSWERS1 ENTERANSWERS2 ENTERANSWERS3 ENTERANSWERS4 ENTERANSIVER Ready O Type here to search
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Chapter 17 Excel Template rev22 - Excel
Of
P Search (Al+Q)
File
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Insert
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Formulas
Data
Review
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Calibri
11
A A
Wrap Text
General
Paste
BIU-E
a- A-
EEEEE Merge & Center-
$- % 9
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Fant
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UPDATES AVAILABLE Updates for Office are ready to be installed, but first we need to close some apps
Update now
M3
A
E
Requirement 7: Complete the Cost of Goods Sold schedule.
2
3
Cedar River Trikes
Schedule of Cost of Goods Sold
Month Ended June 30, 2018
9.
Beginning Finished Goods Inventory
Cost of Goods Manufactured
Cost of Goods Available for Sale
Ending Finished Goods Inventory
7.
44,000
230,000
274,000
29,000
10
11
Cost of Goods Sold
Over/Under Applied Overhead
Adjusted Cost of Goods Sold
12
$
245,000
4,300
249,300
13
14
(15
16
Requirement 8: Complete the Income Statement.
17
18
Cedar River Trikes
Income Statenment
Month Ended June 30, 2018
20
Instructions
ENTERANSWERS
ENTERANSWERS2
ENTERANSWERSS
ENTERANSWERS4
O Type tere to search
Transcribed Image Text:AutoSave Chapter 17 Excel Template rev22 - Excel Of P Search (Al+Q) File Home Insert Page Layout Formulas Data Review View Help Calibri 11 A A Wrap Text General Paste BIU-E a- A- EEEEE Merge & Center- $- % 9 Clipboard Fant Alignment Number UPDATES AVAILABLE Updates for Office are ready to be installed, but first we need to close some apps Update now M3 A E Requirement 7: Complete the Cost of Goods Sold schedule. 2 3 Cedar River Trikes Schedule of Cost of Goods Sold Month Ended June 30, 2018 9. Beginning Finished Goods Inventory Cost of Goods Manufactured Cost of Goods Available for Sale Ending Finished Goods Inventory 7. 44,000 230,000 274,000 29,000 10 11 Cost of Goods Sold Over/Under Applied Overhead Adjusted Cost of Goods Sold 12 $ 245,000 4,300 249,300 13 14 (15 16 Requirement 8: Complete the Income Statement. 17 18 Cedar River Trikes Income Statenment Month Ended June 30, 2018 20 Instructions ENTERANSWERS ENTERANSWERS2 ENTERANSWERSS ENTERANSWERS4 O Type tere to search
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