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Application Assignment #5 revisits the importance of using a worksheet in the ac
Application Assignment #5 revisits the importance of using a worksheet in the accounting cycle. This worksheet allows accountants to track account balance changes across the adjusting and closing process at the end of a period. It helps avoid errors, find issues, and organize data for financial statement preparation. Using Excel as a resource for the worksheet only adds to the ease of calculations and statement preparation. For book reference, Worksheets are in the back of chapter 2 in the textbook. (Application #1 was very similar)
Please see the attached file for specific instructions on how to complete this last assignment. Instructions are provided in detail on the Instructions tab within the workbook. For statement formatting, be sure you are using correct subtotals, totals, double-underline where appropriate, dollar signs, and classification titles. In other words, as if you are preparing them for public presentation. Use cell references across worksheets and formulas as appropriate.
Check figures are provided in the Instructions.
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