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makenziemartinez
makenziemartinez
05.04.2021 • 
Business

Maple Moving Company has provided you their unadjusted account balances to before year-end adjustments. The Controller has asked you to prepare the Adjusted Trial Balance and has provided you with further year end information. Use the information included in the Excel Simulation and the Excel functions described below to complete the task. . Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell "-B11" was entered, the formula would output the result from cell B11, or 6,600 in this example . Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: (plus sign to add), (minus sign to subtract), (asterisk sign to multiply), and (forward slash to divide). From the Excel Simulation below, if in a blank cell "-B11+B12" was entered, the formula would add the values from those cells and output the result, or 106,600 in this example. If using the other math symbols the result would output an appropriate answer for its function. . SUM function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges to utilize this function. From the Excel Simulation below, if in a blank cell -SUM(B11,B12,B13)" was entered, the formula would output the result of adding those three separate cells, or 172,600 in this example. Similarly, if in a blank cell "-SUM(B11:B13)" was entered, the formula would output the same result of adding those cells, except they are expressed as a range in the formula and the result would be 172,600 in this example 1 On December 31, 2016, Maple Moving Company had the following balances before year-end adjustments: 3 Cash 4 Accounts Receivable 5 Supplies 6 Trucks 62,500 1,000 67,600 176,000 17,600 37,500 Accumulated Depreciation 8 Accounts Payable 9 Interest Payable 10 Wages Payable 11 Unearned Revenue 12 Notes Payable 13 Common Stock 14 Retained Earnings 15 Service Revenue 16 Wages Expense 17 Supplies Expense 18 Depreciation Expense 19 Interest Expense 6,600 100,000 66,000 23,400 167,000 61,000 2 21 Required: 22 Use the unadjusted account balances above and the following year-end data to 23 determine adjusted account balances and prepare an adjusted trial balance. 24 Note: If nothing belongs in a cell, leave it blank. 25 26 Interest owed but not yet paid: 7 Supplies on hand 28 Truck depreciation expense 29 Unpaid wages earned by employees: 30 Unearned revenue that has been earned: 10,800 15,000 35,200 3,500 2,000 31 32 MAPLE MOVING COMPANY Adjusted Trial Balance at December 31, 2016 35 36 Cash 37 Accounts Receivable 38 Supplies 39 Trucks 40 Accumulated Depreciation 41 Accounts Payable 42 Interest Payable 43 Wages Payable 44 Unearned Revenue 45 Notes Payable 46 Common Stock 47 Retained Earnin 48 Service Revenue 49 Wages Expense 50 Supplies Expense 51 Depreciation Expense 52 Interest Expense 53 Totals Account Name Debits Credits

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