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
P2-1A, Journalize a series of transactions.
Frontier Park was started on April 1 by H. Hillenmeyer. The following selected events and transactions occurred during April.
Apr. 1 Hillenmeyer invested $35,000 cash in the business.
4 Purchased land costing $27,000 for cash.
5 Incurred advertising expense of $1,800 on account.
11 Paid salaries to employees $1,500 .
12 Hired park manager at a salary of $4,000 per month, effective May 1.
13 Paid $1,650 cash for a one-year insurance policy.
17 Withdrew $1,000 cash for personal use.
20 Received $6,800 in cash for admission fees.
25 Sold 100 coupon books for $25 each. Each book contains 10 coupons that
entitle the holder to one admission to the park.
30 Received $8,900 in cash admission fees.
30 Paid $90 $900 on balance owed for advertising incurred on April 8.
Hillenmeyer uses the following accounts:
Cash Unearned Service Revenue Advertising Expense
Prepaid Insurance Owner’s Capital Salaries and Wages Expense
Land Owner’s Drawings
Accounts Payable Service Revenue

Instructions:
Journalize the April transactions.
Apr. 1 Account title Amount
Account title Amount

4 Account title Amount

Account title Amount

5 Account title Amount

Account title Amount

11 Account title Amount

Account title Amount

12 Account title Amount

Account title Amount

13 Account title Amount

Account title Amount

17 Account title Amount

Account title Amount

20 Account title Amount

Account title Amount

25 Account title Amount

Account title Amount

30 Account title Amount

Account title Amount

30 Account title Amount

Account title Amount

546459080.xlsx, Problem P2-1A, Page 3 of 8 Page(s), 10/03/202117:18:33

 Name: Solution Date:
Instructor: Course:
Accounting Principles, Tenth Edition by Weygandt, Kieso, and Kimmel
Primer on Using Excel in Accounting by Rex A Schildhouse
P2-1A, Journalize a series of transactions.
Frontier Park was started on April 1 by H. Hillenmeyer. The following selected events and transactions occurred during April.
Apr. 1 Hillenmeyer invested $35,000 cash in the business.
4 Purchased land costing $27,000 for cash.
8 Incurred advertising expense of $1,800 on account.
11 Paid salaries to employees $1,500 .
12 Hired park manager at a salary of $4,000 per month, effective May 1.
13 Paid $1,650 cash for a one-year insurance policy.
17 Withdrew $1,000 cash for personal use.
20 Received $6,800 in cash for admission fees.
25 Sold 100 coupon books for $25 each. Each book contains 10 coupons that
entitle the holder to one admission to the park.
30 Received $8,900 in cash admission fees.
30 Paid $900 on balance owed for advertising incurred on April 8.
Hillenmeyer uses the following accounts:
Cash Unearned Service Revenue Advertising Expense
Prepaid Insurance Owner’s Capital Salaries and Wages Expense
Land Owner’s Drawings
Accounts Payable Service Revenue

Instructions:
Journalize the April transactions.
Apr. 1 Cash 35,000
Owner’s Capital 35,000
(Owner’s investment of cash in business)

4 Land 27,000
Cash 27,000
(Purchased land for cash)

8 Advertising Expense 1,800

Accounts Payable 1,800
(Incurred advertising expense on account)

11 Salaries and Wages Expense 1,500

Cash 1,500
(Paid salaries)

12 No entry—Not a transaction.

13 Prepaid Insurance 1,650

Cash 1,650
(Paid for one-year insurance policy)

17 Owner’s Drawings 1,000

Cash 1,000
(Withdrew cash for personal use)

20 Cash 6,800
Service Revenue 6,800
(Received cash for services provided)

25 Cash 2,500
Unearned Service Revenue 2,500
(Received cash for future services)

30 Cash 8,900
Service Revenue 8,900
(Received cash for services provided)

30 Accounts Payable 900

Cash 900
(Paid creditor on account)

546459080.xlsx, Solution P2-1A, Page 4 of 8 Page(s), 10/03/202117:18:33

 Name: Date:
Instructor: Course:
Accounting Principles, Tenth Edition by Weygandt, Kieso, and Kimmel
Primer on Using Excel in Accounting by Rex A Schildhouse
P2-4A, Prepare a correct trial balance.
The trial balance of the Kellen Davis Company shown below does not balance.
KELLEN DAVIS COMPANY
Trial Balance
May 31, 2012
Debit Credit
Cash $5,850
Accounts Receivable $2,750
Prepaid Insurance 700
Equipment 8,000
Accounts Payable 4,500
Unearned Service Revenue 650
Owner's Capital 11,700
Service Revenue 6,690
Salaries and Wages Expense 4,200
Advertising Expense 1,100
Insurance Expense 890
$26,980 $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 Insurance Expense were each understated $100
2. Transposition errors were made in Accounts Receivable and Service Revenue. Based on postings made, the correct balances were
$2,570 and $6,960 , respectively.
3. A debit posting to Salaries and Wages Expense of $200 was omitted.
4. A $1,000 cash drawing by the owner was debited to Owner’s Capital 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
6. A cash payment of $540 for advertising was debited to Advertising Expense for $54 and credited to Cash for
$54
7. A collection from a customer for $210 was debited to Cash for $210 and credited to $210

Instructions:
Prepare a correct trial balance. Note that the chart of accounts includes the following: Owner’s Drawings and Supplies
(Hint: It helps to prepare the correct journal entry for the transaction described and compare it to the mistake made.)

KELLEN DAVIS COMPANY

Trial Balance
May 31, 2010
Debit Credit
Account title Amount Amount
Account title Amount Amount
Account title Amount Amount
Account title Amount Amount
Account title Amount Amount
Account title Amount Amount
Account title Amount Amount
Account title Amount Amount
Account title Amount Amount
Account title Amount Amount
Account title Amount Amount
Account title Amount Amount
Account title Amount Amount
Formula Formula

546459080.xlsx, Problem P2-4A, Page 5 of 8 Page(s), 10/03/202117:18:33

 Name: Solution Date:
Instructor: Course:
Accounting Principles, Tenth Edition by Weygandt, Kieso, and Kimmel
Primer on Using Excel in Accounting by Rex A Schildhouse
P2-4A, Prepare a correct trial balance.
The trial balance of the Kellen Davis Company shown below does not balance.
KELLEN DAVIS COMPANY
Trial Balance
May 31, 2012
Debit Credit
Cash $5,850
Accounts Receivable $2,750
Prepaid Insurance 700
Equipment 8,000
Accounts Payable 4,500
Unearned Service Revenue 650
Owner's Capital 11,700
Service Revenue 6,690
Salaries and Wages Expense 4,200
Advertising Expense 1,100
Insurance Expense 890
$26,980 $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 Insurance Expense were each understated $100
2. Transposition errors were made in Accounts Receivable and Service Revenue. Based on postings made, the correct balances were
$2,570 and $6,960 , respectively.
3. A debit posting to Salaries and Wages Expense of $200 was omitted.
4. A $1,000 cash drawing by the owner was debited to Owner’s Capital 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
6. A cash payment of $540 for advertising was debited to Advertising Expense for $54 and credited to Cash for
$54
7. A collection from a customer for $210 was debited to Cash for $210 and credited to $210

Instructions:
Prepare a correct trial balance. Note that the chart of accounts includes the following: Owner’s Drawings and Supplies
(Hint: It helps to prepare the correct journal entry for the transaction described and compare it to the mistake made.)

KELLEN DAVIS COMPANY

Trial Balance
May 31, 2010
Debit Credit
Cash ($5,850 + $520 - $486) $5,884
Accounts Receivable ($2,570 - $210) 2,360
Prepaid Insurance ($700 + $100) 800
Supplies ($0 + $520) 520
Equipment ($8,000 - $520) 7,480
Accounts Payable ($4,500 - $100 + $520 - $210) $4,710
Unearned Service Revenue 650
Owner's Capital ($11,700 + $1,000) 12,700
Owner’s Drawings ($0 + $1,000) 1,000
Service Revenue 6,960
Salaries and Wages Expense ($4,200 + $200) 4,400
Advertising Expense ($1,100 + $486) 1,586
Insurance Expense ($890 + $100) 990
$25,020 $25,020

546459080.xlsx, Solution P2-4A, Page 6 of 8 Page(s), 10/03/202117:18:33

 Name: Date:
Instructor: Course:
Accounting Principles, Tenth Edition by Weygandt, Kieso, and Kimmel
Primer on Using Excel in Accounting by Rex A Schildhouse
P2-4B, Prepare a correct trial balance.
The trial balance of Robbie Gould Co. shown below does not balance.
ROBBIE GOULD CO.
Trial Balance
June 30, 2012
Debit Credit
Cash $3,340
Accounts Receivable $2,812
Supplies 1,200
Equipment 2,600
Accounts Payable 3,666
Unearned Service Revenue 1,100
Owner's Capital 8,000
Owner's Drawings 800
Service Revenue 2,480
Salaries and Wages Expense 3,200
Supplies Expense 810
$12,522 $17,486

Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals the
following errors.
1. Cash received from a customer in payment of its account was debited for $580 , and Accounts Receivable
was credited for the same amount. The actual collection was for $85 $850
2. The purchase of a computer on account for $710 was recorded as a debit to Supplies for $710 and
a credit to Accounts Payable for $710
3. Services were performed on account for a client for $980 Accounts Receivable was debited for $980
and Service Revenue was credited for $98
4. A debit posting to Salaries and Wages Expense of $700 was omitted.
5. A payment of a balance due for $306 was credited to Cash for $306 and credited to
Accounts Payable for $360
6. The withdrawal of $600 cash for Gould's personal use was debited to Salaries and Wages Expense for
$600 and credited to Cash for $600

Instructions:
Prepare a correct trial balance. (Hint: It helps to prepare the correct journal entry for the transaction described and compare it to the
mistake made.)

ROBBIE GOULD CO.

Trial Balance
June 30, 2012
Debit Credit
Account title Amount Amount
Account title Amount Amount
Account title Amount Amount
Account title Amount Amount
Account title Amount Amount
Account title Amount Amount
Account title Amount Amount
Account title Amount Amount
Account title Amount Amount
Account title Amount Amount
Account title Amount Amount
Formula Formula

546459080.xlsx, Problem P2-4B, Page 7 of 8 Page(s), 10/03/202117:18:33

 Name: Solution Date:
Instructor: Course:
Accounting Principles, Tenth Edition by Weygandt, Kieso, and Kimmel
Primer on Using Excel in Accounting by Rex A Schildhouse
P2-4B, Prepare a correct trial balance.
The trial balance of Robbie Gould Co. shown below does not balance.
ROBBIE GOULD CO.
Trial Balance
June 30, 2012
Debit Credit
Cash $3,340
Accounts Receivable $2,812
Supplies 1,200
Equipment 2,600
Accounts Payable 3,666
Unearned Service Revenue 1,100
Owner's Capital 8,000
Owner's Drawings 800
Service Revenue 2,480
Salaries and Wages Expense 3,200
Supplies Expense 810
$12,522 $17,486

Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals the
following errors.
1. Cash received from a customer in payment of its account was debited for $580 , and Accounts Receivable
was credited for the same amount. The actual collection was for $85 $850
2. The purchase of a computer on account for $710 was recorded as a debit to Supplies for $710 and
a credit to Accounts Payable for $710
3. Services were performed on account for a client for $980 Accounts Receivable was debited for $980
and Service Revenue was credited for $98
4. A debit posting to Salaries and Wages Expense of $700 was omitted.
5. A payment of a balance due for $306 was credited to Cash for $306 and credited to
Accounts Payable for $360
6. The withdrawal of $600 cash for Gould's personal use was debited to Salaries and Wages Expense for
$600 and credited to Cash for $600

Instructions:
Prepare a correct trial balance. (Hint: It helps to prepare the correct journal entry for the transaction described and compare it to the
mistake made.)

ROBBIE GOULD CO.

Trial Balance
June 30, 2012
Debit Credit
Cash ($3,340 + $270) $3,610
Accounts Receivable ($2,812 - $270) 2,542
Supplies ($1,200 - $710) 490
Equipment ($2,600 + $710) 3,310
Accounts Payable ($3,666 - $306 - $360) $3,000
Unearned Service Revenue 1,100
Owner's Capital 8,000
Owner's Drawings ($800 + $600) 1,400
Service Revenue ($2,480 + $882) 3,362
Salaries and Wages Expense ($3,200 + $700 - $600) 3,300
Supplies Expense 810 ______
$15,462 $15,462

546459080.xlsx, Solution P2-4B, Page 8 of 8 Page(s), 10/03/202117:18:33