Excel Applications for Accounting Principles
4th Edition
ISBN: 9781111581565
Author: Gaylord N. Smith
Publisher: Cengage Learning
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Textbook Question
Chapter 21, Problem 2R
Open the file CASHBUD from the website for this book at cengagebrain.com. Enter the eight formulas where indicated on the worksheet. Enter your name in cell A1. Save the file as CASHBUD2. Print the worksheet when done. Also print your formulas. Check figure: Ending cash balance for April (cell E54), $7,772.
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Students have asked these similar questions
The end-of-the month balance in Igado’s cash disbursement journal “Sundry Account” column is P19,870. How will the column be posted and what is the posting reference will be entered?
Use the following items to prepare a balance sheet and a cash flow statement.
Determine the total assets, total liabilities, net worth, total cash inflows, and total cash
outflows. (Omit the "$" sign in your response.)
Rent for the month
Monthly take-home salary
Cash in chequing account
Savings account balance
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Balance of educational loan
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picture Click here for the Excel Data File
Total assets
Total liabilities
Net worth
Total cash inflows
Total cash outflows
$
$
$
$ 1,410
3,740
650
2,860
1,040
2,320
7,960
70
265
98
Auto insurance
Household possessions
Stereo equipment
Payment for electricity
Lunches/parking at work
Donations
Home computer
Value of stock investment
Clothing purchase
Restaurant spending
The following information relates the questions 18. 19, 20, 21 and 22. (Note: The following Information
will also be needed to answer questions no. 19, 20, 21 and 22. You may want to take a picture or write it
on a paper.)
A summary of the entries in the cash ledger account of Bulacan Gardens for the month of March 2019
showed the following:
Cash from Accounts:
P400,000
250,000
100,000
600,000
Receivables
Cash Sales
Dividend Received
Cash from Issue of Shares
Payments for Accounts
Payable
Payments of Wages
Purchase of Land
Payment of Dividends
Purchase of Service Vehicle
300,000
150,000
200,000
200,000
450,000
150,000
50,000
Payment of Taxes
Payment of Interest
18. How much were the receipts from customers of Bulacan Gardens?
a. P650,000
b. P250,000
c. P1,350,000
d. P400,000
19. How much were the payments to suppliers an employees of Bulacan Gardens?
a. P 150,000
b. P 550,000
с. Р 300.000
d. P 450,000
20. How much was the cash flow from the operating activities of Bulacan Gardens?
а. Р…
Chapter 21 Solutions
Excel Applications for Accounting Principles
Ch. 21 - On January 1, Sweet Pleasures, Inc., begins...Ch. 21 - Open the file CASHBUD from the website for this...Ch. 21 - Can the 10,000 note be repaid on May 1? Explain.Ch. 21 - Prob. 4RCh. 21 - The following four suggestions have been made to...Ch. 21 - Reset cells to their initial values. Sweet...Ch. 21 - Prob. 7R
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