Instructions for the Microsoft Excel Templates

Be advised, the worksheet and workbooks are not protected.

Extensive detail and information is contained within the manual.

Striking the "F1" key or following the path "Windows>Excel Help" will invoke the Office Assistant and bring up one of several help menus
You should enter your name, course ID, date, and instructor's name into the cells at the top of the page.
Each page contains a page footer with a Page # of Page ## as well as time and date to assist in assembly of multiple pages.
Each worksheet contains the identification of the problem or exercise.
All formatting should have been accomplished to provide satisfactory presentation. See the text for additional assistance in formating.
If more than one page is required by the problem, the page breaks are preset.
In general, the yellow highlighted cells are the cells which work and effort should be presented.
Place the proper account title in the cell where the word "Account title" appears on the template.
Place the value in the cell where the word "Value" or "Amount" appears on the template. A formula may be placed in some of these cells.

Write a formula into cells where the word "Formula" appears. In these cells, an amount calculated can be entered. An amount can be placed
in these cells.
Place the explanation for the entry in the cell where the word "Text Explanation" appears on the template.
Insert the account number where "Acct Nbr" appears on the template during posting.
Insert the journal reference where "JOURN #" appears on the template during posting.
Insert the title in the cell where "TITLE" appears on the template.
The print area is defined to fit onto 8 1/2" X 11" sheets in portrait or landscape mode as required.
The gray filled cells define the perimeter of the problem and the print area.
The problem is formatted for whole dollars with comma separations (no cents) except where required.
The display may have "Freeze Pane" invoked so column titles remain visible during data entry.
Negative values may be shown as ($400) or -$400.
Consider using "Split" panes to assist in copy and paste of data.
Much of the exercises and problems can have data entered by the "look to" or "=A34" type formula where cell A34 contains the data to be
entered. This precludes typing and data entry errors.

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1. Classify items as assets, liabilities, and stockholders equity and prepare accounting equation.
The following items were taken from the balance sheet of Nike, Inc. All dollars are in millions.
1 Cash
$828.0
7 Inventories
$1,633.6
2 Accounts receivable
$2,120.2
8 Income taxes payable
$118.2
3 Common stock
$890.6
9 Property, plant, and equipment
$1,586.9
4 Notes payable
$146.0
10 Retained earnings
$3,891.1
5 Other assets
$1,722.9
11 Accounts payable
$763.8
6 Other liabilities
$2,081.9
Instructions:
Perform each of the following. (All dollars are in millions.)
(a) Classify each of these items as an asset, liability, or stockholders equity and determine the total dollar
amount for each classification. (All dollars are in millions.)
Assets
Account title
Amount
Account title
Amount
Account title
Amount
Account title
Amount
Account title
Amount
Total assets
Formula
Liabilities
Account title
Account title
Account title
Account title
Total liabilities

Amount
Amount
Amount
Amount
Formula

Stockholders' Equity
Account title
Account title
Total stockholders' equity

Amount
Amount
Formula

(b) Determine Nike's accounting equation by calculating the value of total assets, total liabilities, and total
stockholders' equity.
Title
=
Title
+
Title
Amount

Amount

Formula

(c) To what extent does Nike rely on debt verses equity financing?
Enter text answer here.

2. Explain the meaning (and types) of assets, liabilities, and stockholders equity, and state the basic
accounting equation!
Which decisions can be made with - the income statement, - the retained earnings statement, - the
balance sheet and - the statement of cash flows and what are the decision criteria (help: use
Decision Toolkit p. 25)?

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