Instructions for the Microsoft Excel Templates by Rex A Schildhouse

Be advised, the template workbooks and worksheets are not protected.

Overtyping any data may remove it.
Extensive detail and information is contained within the help function of Microsoft Excel and in the provided text.

You should enter your name, date, instructor's name, and course into the cells at the top of the page. This information will be printed
on the top of each page if the template requires more than one page.

Each template is set to print with File Name, Page # of # Page(s), the print date, and the print time to assist in assembly
of multiple pages.

If more than one page is required by the template, manual page breaks have been set to provide consistent presentation.

All of the cells have been correctly formatted for presentation and should not require any adjustment. For example, if the
text requires one, two, or three significant digits in a presentation, the template has been set for that presentation in the
appropriate cells.

In general, the yellow highlighted cells are the cells which work and effort should be presented. These entries may include date(s),
account title(s), values, memorandum appropriate to the entry, or text answers to questions.

And information or data which may be required by the solution will be entered in cells with borders to help identify them.

Where a yellow highlighted cell shows "Date" enter the appropriate date for that step of the challenge. This may be any date format
that Microsoft Excel accepts. Some of these formats include "1/1/12", "01/01/12", and "01/01/2012." All of these will return January
01, 2010, in the format set in the template.

Where a yellow highlighted cell shows "Acct Nbr" enter the appropriate account number, provided in the template and in the text for
that step of the challenge. This is entry may be a "Look to" formula to another cell where that information has been provided or
previously entered.

Where a yellow highlighted cell shows "Account Title" enter the appropriate account title for that step of the challenge. This is a text
entry and most of those cells are set for the proper indentation for that step. Frequently the chart of accounts appropriate to the
challenge is provided and you can use the "look to" formula to reference the appropriate account title without typing it.

Check with your instructor to see if abbreviated account titles are acceptable. For example "A/R" for Accounts Receivable, "A/P" for
Accounts Payable. If your instructor is using a comparison process between workbooks for grading, these abbreviates may not be
acceptable.

Where a yellow highlighted cell shows titles such as "Values," "Amounts," or "Quantities" enter the appropriate numerical value for
that step of the challenge. The cell is formatted for proper presentation of the entered information. If a dollar sign is appropriate, it
should not be entered, Microsoft Excel will place it there through formatting. Commas and significant digits (decimals) are also set
through formatting for common presentation. Since the formatting of the templates is not protected by any password, you may change
any of the formatting found in the templates to meet your desires.

Where a yellow highlighted cell shows titles such as "Formula" you may enter the appropriate formula or enter a numerical value
appropriate for that step of the challenge. Most of the values necessary for the appropriate formula are located on the template in cells
with borders or in other yellow highlighted cells. The formula may be a simple "Look to" formula, an equal sign and a cell reference,
"=E27" or more complex as "=E27*5," or something similar to the time-value-of-money formula. These are addressed in the tutorial
text provided for Microsoft Excel.
Where a yellow highlighted cell shows titles such as "Formula" you may enter the appropriate formula or enter a numerical value
appropriate for that step of the challenge. Most of the values necessary for the appropriate formula are located on the template in cells
with borders or in other yellow highlighted cells. The formula may be a simple "Look to" formula, an equal sign and a cell reference,
"=E27" or more complex as "=E27*5," or something similar to the time-value-of-money formula. These are addressed in the tutorial
text provided for Microsoft Excel.

Where a yellow highlighted cell shows "Text" enter the appropriate text for that step of the challenge. This may be a memorandum
entry for a journal entry or a lengthy text answer discussing the results of an analysis of a company's financials. These titles can
simply be typed over.

Where a yellow highlighted cell shows titles such as "Journal Number" or "Journ #" you should enter the appropriate number
provided in the template and in the text for that step of the challenge. In general this will appear in instances such as "Record the
following events in General Journal number six."

The print area is defined to fit onto 8 1/2" × 11" sheets in portrait or landscape mode as required. Margins are generally set to no less
than 1/2" so most printers can print them without a problem. If you printer cannot accept margins less than 1" you may have to
reformat the margins through Page Setup.

The display may have "Freeze Pane" invoked so column titles remain visible during data entry. This can be removed by utilizing the
View menu and selecting "Unfreeze Panes" under "Freeze Panes."

When negative values are required, enter them by starting with a minus sign, "-". Negative values may be shown as ($400) or -$400.
Negative values in formulas can be created by putting a minus sign in front of the cell reference - "=E10*-E11" will return a negative
value if both cells E10 and E11 contain positive values.

Microsoft Office and Microsoft Excel are products of, and copyrighted by,
Microsoft Corporation, One Microsoft Way, Redmond, Washington 98052-6399
 Name: Date:
Instructor: Course:
Accounting Principles, Tenth Edition by Weygandt, Kieso, and Kimmel
Primer on Using Excel in Accounting by Rex A Schildhouse
E4-2, Complete the worksheet.
The adjusted trial balance columns of the worksheet for Pisa Company are as follows.
PISA COMPANY
Work Sheet (Partial)
For the Month Ended April 30, 2012
Adjusted T/B Income Statement Balance Sheet
Account titles Dr. Cr. Dr. Cr. Dr. Cr.
Cash 10,000
Accounts Receivable 7,840
Prepaid Rent 2,280
Equipment 23,050
Accum. Depreciation-Equipment 4,921
Notes Payable 5,700
Accounts Payable 4,920
Owner's Capital 27,960
Owner's Drawings 3,650
Service Revenue 15,590
Salaries and Wages Expense 10,840
Rent Expense 760
Depreciation Expense 671
Interest Expense 57
Interest Payable 57
Totals 59,148 59,148 Formula Formula Formula Formula
Net income Formula Formula Formula Formula
Totals Formula Formula Formula Formula

Instructions:
E4-2 Instructions: Complete the worksheet, above.
E4-3 Instructions: Prepare an income statement, an owner's equity statement, and a classified
balance sheet.
PISA COMPANY
Income Statement
For the Month Ended April 30, 2012
Revenues
Account title Amount
Expenses
Account title Amount
Account title Amount
Account title Amount
Account title Amount
Total expenses Formula
Title Formula

656912416.xlsx, Exercises E4-2~4, Page 3 of 10 Page(s), 04/11/202304:23:02

 Name: Date:
Instructor: Course:
PISA COMPANY
Owner’s Equity Statement
For the Month Ended April 30, 2012
Title Formula
Title Amount
Formula
Title Amount
Title Formula

PISA COMPANY
Balance Sheet
April 30, 2012
Assets
Current assets
Account title Amount
Account title Amount
Account title Amount
Total current assets Amount
Property, plant, and equipment
Account title Amount
Less: Title Amount Formula
Total assets Formula

Liabilities and Owner’s Equity

Current liabilities
Account title Amount
Account title Amount
Account title Amount
Total current liabilities Formula
Owner’s equity
Owner's Capital Amount
Total liabilities and owner’s equity Formula

E4-4 Instructions: (a) Journalize the closing entries at April 30.

(1) Apr. 30 Account title Amount

Account title Amount

(2) 30 Account title Formula

Account title Amount
Account title Amount
Account title Amount
Account title Amount

(3) 30 Account title Amount

Account title Amount

(4) 30 Account title Amount

Account title Amount

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 Name: Date:
Instructor: Course:
E4-4 Instructions: (b) Post the closing entries to Income Summary and Owner’s Capital. Use T
accounts.

Account title Owner's Capital

Amount Amount Amount Bal. Amount
Amount Amount
Formula Formula Bal. Formula

E4-4 Instructions: (c) Prepare a post-closing trial balance at April 30.

PISA COMPANY
Post-Closing Trial Balance
April 30, 2012
Debit Credit
Account title
Account title
Account title
Account title
Account title
Account title
Account title
Account title
Account title
Formula Formula

656912416.xlsx, Exercises E4-2~4, Page 5 of 10 Page(s), 04/11/202304:23:02

 Name: Date:
Instructor: Course:
Accounting Principles, Tenth Edition by Weygandt, Kieso, and Kimmel
Primer on Using Excel in Accounting by Rex A Schildhouse
P4-1A, Prepare worksheet, fi nancial statements, and adjusting and closing entries.
Omer Asik began operations as a private investigator on January 1, 2012. The trial balance columns of the worksheet for Omer Asik, P.I. at March 31 are as follows.
OMER ASIK, P.I.
Worksheet
For the Quarter Ended March 31, 2012
Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet
Account titles Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
Cash 11,400
Accounts Receivable 5,620
Supplies 1,050
Prepaid Insurance 2,400
Equipment 30,000
Notes Payable 10,000
Accounts Payable 12,350
Owner's Capital 20,000
Owner's Drawings 600
Service Revenue 13,620
Salaries and Wages Expense 2,200
Travel Expense 1,300
Rent Expense 1,200
Miscellaneous Expense 200
55,970 55,970
Supplies Expense
Depreciation Expense
Accumulated Depreciation - Equipment
Interest Expense
Interest Payable
Insurance Expense
Totals
Net Income
Totals

Key: (a) Supplies Used; (b) Depreciation Expense; (c) Accrued Interest on note; (d) Insurance Expired; (e) Service Revenue Earned but unbilled.

Other data:
1. Supplies on hand total $480
2. Depreciation per quarter is $800
3. Interest accrued on 6-month note payable, issued January 1, $300
4. Insurance expires at the rate of $200 per month.
5. Services provided but unbilled at March 31 total $1,030

Instructions:
(a) Complete the worksheet, above.

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 Name: Date:
Instructor: Course:
(b) Prepare an income statement and owner’s equity statement for the quarter and a classified balance sheet at March 31. O. Asik did not make any additional investments in the
business during the quarter ended March 31, 2012.
OMER ASIK, P.I. OMER ASIK, P.I.
Income Statement Balance Sheet
For the Quarter Ended March 31, 2012 March 31, 2012
Revenues Assets
Account title Amount Current assets
Expenses Account title Amount
Account title Amount Account title Amount
Account title Amount Account title Amount
Account title Amount Account title Amount
Account title Amount Total current assets Formula
Account title Amount Property, plant, and equipment
Account title Amount Account title Amount
Account title Amount Less: Account title Amount Formula
Account title Amount Total assets Formula
Total expenses Formula
Net income Formula Liabilities and Owner’s Equity
Current liabilities
Account title Amount
OMER ASIK, P.I. Account title Amount
Owner’s Equity Statement Account title Amount
For the Quarter Ended March 31, 2012 Total current liabilities Formula
Owner's Capital, Jan 1 Amount Owner’s equity
Add: Title Amount Account title Amount
Title Amount Formula Total liabilities and owner’s equity #VALUE!
Formula
Title Amount
Owner's Capital, March 31 Formula

656912416.xlsx, Problem P4-1A, Page 7 of 10 Page(s), 04/11/202304:23:02

 Name: Date:
Instructor: Course:
(c) Journalize the adjusting entries from the adjustments columns of the worksheet. (d) Journalize the closing entries from the financial statement columns of the
worksheet.
Mar. 31 Account title Amount Mar. 31 Account title Amount
Account title Amount Account title Amount

31 Account title Amount 31 Account title Amount

Account title Amount Account title Amount
Account title Amount
31 Account title Amount Account title Amount
Account title Amount Account title Amount
Account title Amount
31 Account title Amount Account title Amount
Account title Amount Account title Amount
Account title Amount
31 Account title Amount
Account title Amount 31 Account title Amount
Account title Amount

31 Account title Amount

Account title Amount

656912416.xlsx, Problem P4-1A, Page 8 of 10 Page(s), 04/11/202304:23:02

 Name: Date:
Instructor: Course:
Accounting Principles, Tenth Edition by Weygandt, Kieso, and Kimmel
Primer on Using Excel in Accounting by Rex A Schildhouse
P4-1B, Prepare a worksheet, financial statements, and adjusting and closing entries.
The trial balance columns of the worksheet for Gibson Roofing at March 31, 2012, are as follows.
GIBSON ROOFING
Worksheet
For the Month Ended March 31, 2012
Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet
Account titles Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
Cash 4,500
Accounts Receivable 3,200
Supplies 2,000
Equipment 11,000
Accumulated Depreciation - Equipment 1,250
Accounts Payable 2,500
Unearned Service Revenue 550
Owner's Capital 12,900
Owner's Drawings 1,100
Service Revenue 6,300
Salaries and Wages Expense 1,300
Miscellaneous Expense 400
Totals 23,500 23,500
Supplies Expense
Depreciation Expense
Salaries and Wages Payable
Totals
Net Income
Totals

Key: (a) Supplies Used; (b) Depreciation Expensed; (c) Service Revenue Earned; (d) Salaries Accrued.

Other data:
1. A physical count reveals only $550 of roofing supplies on hand.
2. Depreciation for March is $250
3. Unearned service revenue amounted to $210 after adjustment on March 31.
4. Accrued salaries are $700

Instructions:
(a) Complete the worksheet, above.

656912416.xlsx, Problem P4-1B, Page 9 of 10 Page(s), 04/11/202304:23:02

 Name: Date:
Instructor: Course:
(b) Prepare an income statement and owner’s equity statement for the month of March and a classified balance sheet at March 31. T. Gibson did not make any additional
investments in the business in March.
GIBSON ROOFING GIBSON ROOFING
Income Statement Balance Sheet
For the Month Ended March 31, 2012 March 31, 2012
Revenues Assets
Account title Amount Current assets
Expenses Account title Amount
Account title Amount Account title Amount
Account title Amount Account title Amount
Account title Amount Total current assets Formula
Account title Amount Property, plant, and equipment
Total expenses Formula Account title Amount
Net income Formula Account title Amount Formula
Total assets Formula

GIBSON ROOFING Liabilities and Owner’s Equity

Owner’s Equity Statement Current liabilities
For the Month Ended March 31, 2012 Account title Amount
Owner's Capital, March 1 Amount Account title Amount
Title Amount Account title Amount
Formula Total current liabilities Formula
Title Amount Owner’s equity
Owner's Capital, March 31 Formula Account title Amount
Total liabilities and owner’s equity Formula

(c) Journalize the adjusting entries from the adjustments columns of the worksheet. (d) Journalize the closing entries from the financial statement columns of the
worksheet.
Mar. 31 Account title Amount Mar. 31 Account title Amount
Account title Amount Account title Amount

31 Account title Amount 31 Account title Formula

Account title Amount Account title Amount
Account title Amount
31 Account title Amount Account title Amount
Account title Amount Account title Amount

31 Account title Amount 31 Account title Amount

Account title Amount Account title Amount

31 Account title Amount

Account title Amount

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