Step 28 of 40: Adjustment 4
This step illustrates how to make an Adjustment to an existing worksheet by utilizing a reference cell on a different worksheet.
Written description of the slides
In Step 28, you’re going to record an adjustment to the General Journal to recognize the Payroll Tax Expense that has been incurred during this accounting period. Record an adjustment to the General Journal by multiplying the Adjustment 3 amount by the Payroll Tax Percentage shown on the Assumptions worksheet.
OPTIONAL: Choose Highlight Adjustments to view where your adjustments appear in the General Ledger.
NOTE: The debit and credit amounts should be derived by formulas that utilize cell references. You will only receive partial credit if you type amounts into the cells or formula instead of referencing the corresponding worksheet cells.
Steps labeled YOUR TURN are reinforcing steps that present opportunities to apply concepts covered earlier in the assignment.
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Be sure to listen to the audio portion of the video as you work through the assignment. The presenter elaborates further on what is being presented on screen and will offer tips.