Step 31 of 40: Adjustment 7
This step illustrates how to make an Adjustment to an existing worksheet by referencing applicable cells.
Written description of the slides
In Step 31, record an adjustment to the General Journal by adding the Land account balance to the Buildings and Equipment account balance and then multiplying by the Property Tax rate in cell B8 of the Assumptions worksheet.
TIP 1: When you add cells B7 (Land) and B8 (Buildings and Equipment) together make sure to enclose the addition operation in parentheses or use the SUM function to add the two cells together before multiplying by the tax rate.
TIP 2: The interest rates and percentages shown here may differ from what appears in your workbook.
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.