Record Journal Entries
Record Journal Entries
topic : Record Journal Entries
In this exercise, you will record four journal entries in Excel. The four transactions you will use, all of which took place during 2016, are as follows: • February 4: Purchased $1,100 of supplies on account • February 12: Received $2,600 of Service Revenue • February 17: Paid $3,100 for Rent Expense
• February 27: Recorded an adjusting journal entry for Supplies Expense after determining that the value of remaining supplies is $350 (the company had no supplies prior to February)
1. Create a Blank Workbook and save the file in your Chapter 01 folder as: EA1-A2-JournalEntries-[YourName]
2. In row 1, for the first transaction enter the date (including the year) in column A, the debited account in column B, and the debited amount in column D.
3. Ensure that the format for the date in cell A1 is Short Date.
4. In row 2, for the first transaction enter the credited account in column C and its amount in column E
5. Enter an explanation for the first transaction in cell B3. 6. Record the second journal entry on rows 4–6 and the third on rows 7–9. 7. Enter the fourth transaction as described:
In this cell: Cell A10 Cell B10 Cell D10 Cell C11 Cell E11 Cell B12
Enter the data for the: Date of the fourth transaction Debited account Debited amount Credited account Credited amount
Explanation for the fourth transaction
8. Highlight all amounts within the four journal entries and apply the accounting number format with zero decimal places.
9. Adjust the width of columns A–E by double-clicking the right border of column E. 10. Adjust the column width of column B to equal 5.
11. Use a keyboard shortcut to italicize the explanations for the first and second journal entries and use the Ribbon to italicize the explanation for the third journal entry.
12. Copy the formatting in cell B9 and paste it to cell B12. 13. Set the print area to encompass only the first two journal entries. 14. Save and close the file.
Write a 3000 words essay using APA/MLA/HAVARD/CHICAGO format and ensure strict adherence instructions
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A (4) | B (3) | C (2) | D/F (1/0) | |
Focus: Purpose | Purpose is clear | Shows awareness of purpose | Shows limited awareness of purpose | No awareness |
Main idea | Clearly presents a | There is a main idea | Vague sense of a | No main idea |
main idea and | supported throughout | main idea, weakly | ||
supports it | most of the paper. | supported | ||
throughout the | throughout the | |||
paper. | paper. | |||
Organization: | Well-planned and | Good overall | There is a sense of | No sense of |
Overall | well-thought out. | organization, includes | organization, | organization |
Includes title, | the main | although some of the | ||
introduction, | organizational tools. | organizational tools | ||
statement of main | are used weakly or | |||
idea, transitions and | missing | |||
conclusion. | ||||
Organization: | All paragraphs have | Most paragraphs have | Some paragraphs | Para. lack clear ideas |
Paragraphs | clear ideas, are | clear ideas, are | have clear ideas, | |
supported with | supported with some | support from | ||
examples and have | examples and have | examples may be | ||
smooth transitions. | transitions. | missing and | ||
transitions are weak. | ||||
Content | Exceptionally well- | Well-presented and | Content is sound and | Content is not sound |
presented and | argued; ideas are | solid; ideas are | ||
argued; ideas are | detailed, developed | present but not | ||
detailed, well- | and supported with | particularly | ||
developed, | evidence and details, | developed or | ||
supported with | mostly specific. | supported; some | ||
specific evidence & | evidence, but | |||
facts, as well as | usually of a | |||
examples and | generalized nature. | |||
specific details. | ||||
Research (if | Sources are | Sources are well | Sources support | The paper does not |
assignment | exceptionally well- | integrated and | some claims made in | use adequate |
includes a | integrated and they | support the paper’s | the paper, but might | research or if it does, |
research | support claims | claims. There may be | not be integrated | the sources are not |
component) | argued in the paper | occasional errors, but | well within the | integrated well. |
very effectively. | the sources and | paper’s argument. | They are not cited | |
Quotations and | Works Cited conform | There may be a few | correctly according | |
Works Cited | to MLA style sheet. | errors in MLA | to MLA style, nor | |
conform to MLA | style.. | listed correctly on | ||
style sheet. | the Works Cited | |||
page. | ||||
Style: Sentence | Sentences are clear | Sentences are clear | Sentences are | Sentences aren’t |
structure | and varied in | but may lack | generally clear but | clear |
pattern, from simple | variation; a few may | may have awkward | ||
to complex, with | be awkward and there | structure or unclear | ||
excellent use of | may be a few | content; there may | ||
punctuation. | punctuation errors. | be patterns of |