90.2K

Verified Solution

Link Copied!

help with requirements 1-3

Ron of Swanson Woodworking is getting ready to prepare its October bank reconciliation. The cash balance on the books of Swanson Woodworking on October 31 is $3,546. Rom reviews the bank statement and notes the cash balance at October 31 is $2,445. - The bank statement also reveals that the bank collected a note receivable on behalf of Swanson Woodworking *. the principal was $1,500 and the interest was $15. One customer's check for $29 was returned by the bank for insufficient funds. Two additional items on the bank statement were the monthly EFT for the utilities, $250, and the bank service fee of $12. - Ron notes that the cash deposit made of October 31 of $3,300 does not appear on the statement, and that three checks totaling $975 had not cleared the bank account when the bank statement was prepared. Requirements 1. Prepare the bank reconciliation for Swanson Woodworking at October 31, 2024. - Format appropriate cells with dollar signs, underlines, and double underlines. Use Excel formulas to calculate subtotals and totals. 2. Journalize the entries based on the bank reconciliation. - For dollar amounts, use cell references on the bank reconciliation. 3. Save the excel file as ACCT201_Excel \#2-Student Name and submit in the assignment dropbox in Canvas. Only excel file extensions will be accepted. Excel Skills 1. Use Excel's data validation to enter descriptions into the bank reconcillation, and accounts into the journal entries. 2. Format cells using borders and number formatting. 3. Use formulas to calculate subtotals and totals. Hint Make sure you number are in common formatting with no decimals and that dollar signs are in the appropriate places

Answer & Explanation Solved by verified expert

See Answer