Reporting Adjusted Account Balances using Excel's SUM, Basic Math Functions and Cell Referencing Maple Moving Company has provided a list of its account balances as of December 31, 2016 before year-end adjustments. The Controller has also provided you with a list of year end data to determine the adjusted account balances and has asked you to prepare the adjusted trial balance. 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, "=B3" was entered the formula would output the result from cell B3, or 62,000 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"=B3+B4" was entered, the formula would add the values from those cells and output the result, or 113,000 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(C3,C4,C5)" was entered, the formula would output the result of adding those three separate cells, or 114,000 in this example. Similarly, if in a blank cell"=SUM(C3:C5)" 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 114,000 in this example. x 5. Reporting adjusted account balances - Excel ? FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Ruler Formula Bar Normal Page Break Page Custom Preview Layout Views Workbook Views Gridlines Headings Zoom 100% Zoom to Window Macros Selection Zoom Macros Show A1 f On December 31, 2016, Maple Moving Company had the following balances B D E F A 47 Supplies 48 Trucks 49 Accumulated Depreciation 50 Accounts Payable 51 Interest Pavable FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In 1 V Ruler u Formula Bar Gridlines Headings Normal Page Break Page Custom Preview Layout Views Workbook Views Window Macros Zoom 100% Zoom to Selection Zoom Show Macros A1 > On December 31, 2016, Maple Moving Company had the following balances 2:34:29 F ook int ences B D E 1 On December 31, 2016, Maple Moving Company had the following balances before year end adjustments: 2 3 Cash $ 62,000 4 Accounts Receivable 51,000 s Prepaid Rent 1,000 6 Prepaid Insurance 750 7 Supplies 67,600 8 Trucks 176,000 9 Accumulated Depreciation 17,600 10 Accounts Payable 37,500 11 Interest Payable 5,000 12 Wages Payable 10,000 13 Unearned Revenue 6,600 14 Notes Payable 100,000 15 Common Stock 66,000 16 Retained Earnings 23,400 17 Service Revenue 167,000 18 Wages Expense 61,000 19 Insurance Expense 2,750 20 Rent Expense 11,000 21 Supplies Expense 22 Depreciation Expense 23 Interest Expense 24 Sheet1 D F 34:16 1 ok Jally had the following balances B C 25 Required: E 26 Use the above account balances and the following year end data to determine adjusted account balances and prepare an adjusted trial balance. 27 Note: If nothing belongs in a cell, leave it blank. You may include blank cells in calculations. 28 NOTE: After completing the adjusted trial balance, you must click through every remaining blank cell in order to receive a "complete" message when submitting. 29 30 One month of rent used: 1,000 31 One month of insurance used: 250 32 Interest owed but not yet paid: 10,800 33 Supplies on hand: 15,000 34 Truck depreciation expense 35,200 35 Unpaid wages earned by employees: 3,500 36 Unearned revenue that has been earned: 2,000 37 38 39 MAPLE MOVING COMPANY 40 Adjusted Trial Balance 41 at December 31, 2016 42 Account Name Debits Credits 43 Cash 44 Accounts Receivable 45 Prepaid Rent 16. Prenaid Insurance Sheet1 ces > -- READY Attempt(s) C D E Credits -34:09 J ok B 41 at December 31, 2016 42 Account Name Debits 43 Cash 44 Accounts Receivable 45 Prepaid Rent 46 Prepaid Insurance 47 Supplies 48 Trucks 49 Accumulated Depreciation 50 Accounts Payable 51 Interest Payable 52 Wages Payable 53 Unearned Revenue 54 Notes Payable 55 Common Stock 56 Retained Earnings 57 Service Revenue 58 Wages Expense 59 Insurance Expense 60 Rent Expense 61 Supplies Expense 62 Depreciation Expense 63 Interest Expense 64 Totals Sheet1 t ces READY 11 points 8 02:34:06 eBook 48 Trucks 49 Accumulated Depreciation 50 Accounts Payable 51 Interest Payable 52 Wages Payable 53 Unearned Revenue 54 Notes Payable 55 Common Stock 56 Retained Earnings 57 Service Revenue 58 Wages Expense 59 Insurance Expense 60 Rent Expense 61 Supplies Expense 62 Depreciation Expense 63 Interest Expense 64 Totals Print References 65 66 67 68 Sheet1 READY Attempt(s)