Excel Applications for Accounting Principles
4th Edition
ISBN: 9781111581565
Author: Gaylord N. Smith
Publisher: Cengage Learning
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Chapter 22, Problem 2R
Open the file MASTER from the website for this book at cengagebrain.com. Enter all the formulas where indicated on the worksheet. Check to be sure that your
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Using Excel, create a table that shows the relationship between the interestearned and the amount deposited, as shown. we will first create the dollar amount column and the interest row, as shown . Next we will type into cell B3 the formula = $A3*B$2. We can now use the Fill command to copy the formula in other cells, resulting in the table as shown. Note that the dollar sign before A3 means column A is to remain unchanged in the calculations when the formula is copied into other cells. Also note that the dollar sign before 2 means that row 2 is to remain unchanged in calculations when the Fill command is used.
Illustrate the effects of accepting the note from Valley Designs on the accounts and financial statements of Bork Furniture Company.
Financial Statement Effects
Balance Sheet
Assets
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Liabilities
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Stockholders' Equity
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Apr. 20.
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Statement of Cash Flows
Income Statement
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b. Determine the due date of the note.
c. Determine the maturity value of the note. To simplify, use 360 days per year to compute interest.$fill in the blank 14
d. Illustrate the effects of receiving payment of the note from Valley Designs at its maturity on the accounts and financial statements of Bork Furniture Company.
Financial Statement Effects
Balance Sheet
Assets
=
Liabilities
+
Stockholders' Equity
+
=
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Aug. 18.
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Based on the provided information in the attached image, please calculate the following simpe equations; (It's super simple, just tiny simple mathematical calculations that should take only 2 minutes, I'm just lost with the wording...)
Average collection period, =
Days to sell inventory, =
Accounts payable payment period, =
Amborse's cash-to-cash cycle, =
The company's bank loan =
Chapter 22 Solutions
Excel Applications for Accounting Principles
Ch. 22 - Ranger Industries has provided the following...Ch. 22 - Open the file MASTER from the website for this...Ch. 22 - Review the completed master budget and answer the...Ch. 22 - Suppose the company has to revise its estimates...Ch. 22 - Suppose the company has just the opposite news and...Ch. 22 - Prob. 6R
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