Multiple Choice
Which of the following best describes how to record a transaction in the general journal when a company receives cash from a customer for a previous credit sale?
147
views
2. Transaction Analysis
Journal Entries: Debits and Credits
Multiple Choice
If you want to calculate the total debits recorded in cells A51 through A55 in an Excel spreadsheet, which of the following formulas can you copy and paste to get the correct sum?
A
=SUM(A51:A55)
B
=AVERAGE(A51:A55)
C
=A51+A52+A53
D
=COUNT(A51:A55)
Verified step by step guidance1
Step 1: Understand the purpose of each formula provided in the problem. The goal is to calculate the total debits recorded in cells A51 through A55, which means summing up the values in these cells.
Step 2: Analyze the formula =SUM(A51:A55). This formula is specifically designed to calculate the sum of all values within the range A51 to A55. It is the most efficient and accurate way to achieve the desired result.
Step 3: Evaluate the formula =AVERAGE(A51:A55). This formula calculates the average of the values in the range A51 to A55, which is not the same as summing the values. Therefore, it does not meet the requirement of the problem.
Step 4: Examine the formula =A51+A52+A53. While this formula adds specific cells, it does not include all the cells in the range A51 to A55. Additionally, manually adding cells is less efficient and prone to errors compared to using a range-based formula like SUM.
Step 5: Assess the formula =COUNT(A51:A55). This formula counts the number of cells in the range A51 to A55 that contain numeric values, but it does not sum the values. Hence, it is not suitable for calculating the total debits.
Related Videos
Related Practice
