Instructions for the Microsoft Excel Templates Detail and information on Excel is contained within the manual.

Striking the "F1" key or following the path "Windows>Excel Help" will invoke the Office Assistant and bring up one of several help menus. Type your name into the cell "D5". This will be copied by formula to the rest of the pages as required. Type the due date of your problem into cell "I5". This will be copied by formula to the rest of the pages as required. Type the instructor's name into cell "D6". This will be copied by formula to the rest of the pages as required. Type the course identifier into cell "I6". This will be copied by formula to the rest of the pages as required. The problem is identified for you in cell "B7". In "DATE" cells enter the date in any of several formats and Excel will format it correctly. If more than one page is preformatted into the problem, page breaks are preset and formulas are set to copy the header into the remaining pages. Place the proper account title in the cell where the word "ACCOUNT" appears on the template. Place the amount in the cell where the word "AMOUNT" appears on the template. A formula may be placed in some of these cells.

Enter a number like 914 to signify units or gallons where the word "NUMBER" appears. Write a formula into cells where the word "FORMULA" appears. In these cells, an amount calculated outside of Excel can be entered into Excel if desired.

Place the explanation for the entry in the cell where the word "EXPLANATION" appears on the template. Insert the account number where "ACCT #" appears on the template during posting. Insert the journal reference where "JOURN #" appears on the template during posting. Insert the title in the cell where "TITLE" appears on the template.

The print area is defined to fit onto 8 1/2" X 11" sheets in portrait or landscape mode as required. The gray filled cells define the perimeter of the problem and the print area. The problem is formatted for whole dollars with comma separations (no cents) except where required. The display may have "Freeze Pane" invoked so column titles remain visible during data entry. Negative values may be shown as ($400) vice -$400. Enter a string like: ($259,417 X 12 months) + (0.3651 X 5,434,631) where the word TEXT appears.

the pages as required.

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Name: Course: Date: Problem P2-4A, Prepare a correct trial balance. Financial Accounting, 7th Edition by Weygandt, Kieso, and Kimmel Solving Financial Accounting Problems Using Microsoft Excel for Windows by Rex A Schildhouse Problem P2-4A, The trial balance of the Sterling Company shown below does not balance. STERLING COMPANY Trial Balance May 31, 2011 Cash Accounts Receivable Prepaid Insurance Equipment Accounts Payable Property Taxes Payable Common Stock Service Revenue Salaries Expense Advertising Expense Property Taxes Expense Debit $5,850 700 8,000 4,500 560 11,700 6,690 4,200 Credit $2,750

1,100 800 $26,800 $20,050 Your review of the ledger reveals that each account has a normal balance.You also discover the following errors 1. The totals of the debit sides of Prepaid Insurance, Accounts Payable, and Property Tax Expense were each understated $100 2. Transposition errors were made in Accounts Receivable and Service Revenue. Based on postings made, the correct balances were and $2,570 $6,960 , respectively. 3. A debit posting to Salaries Expense of $200 was omitted. 4. A $1,000 cash dividend was debited to Common Stock for $1,000 and credited to Cash for $1,000 5. A $520 purchase of supplies on account was debited to Equipment for $520 and credited to Cash for $520 and credited to Cash 6. A cash payment of $450 for advertising was debited to Advertising Expense for $45 for $45 7. A collection from a customer for $210 was debited to Cash for $210 and credited to Accounts Payable for $210

FileName: 170772125.xls.ms_office, Tab: Problem P2-4A, Page 4 of 5, 9/9/2013, 12:09 AM

Name: Course: Date: Problem P2-4A, Prepare a correct trial balance. Instructions: Prepare a correct trial balance. Note that the chart of accounts includes the following: Dividends, and Supplies. (Hint: It helps to prepare the correct journal entry for the transaction described and compare it to the mistake made.) STERLING COMPANY Trial Balance May 31, 2011 Debit Title Title Title Title Title Title Title Title Title Title Title Title Title Formula Formula Credit

FileName: 170772125.xls.ms_office, Tab: Problem P2-4A, Page 5 of 5, 9/9/2013, 12:09 AM