Exp22_Excel_Ch09_ML1_Expenses | Exp22 Excel Ch09 ML1 Expenses | Myitlab Solution Services
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Exp22_Excel_Ch09_ML1_Expenses
Project Description:
You carefully tracked your income and expenses for three months using one worksheet per month. The worksheets contain the same expense categories. You used the Miscellaneous category to include a variety of expenses, including a vacation in June. For each month, you calculated the difference between your income and expenses as you were saving for your vacation in June. Now you want to create a three-month summary to analyze your spending habits.
1 Start Excel. Download and open the file named Exp22_Excel_Ch09_ML1_Expenses.xlsx. Grader has automatically added your last name to the beginning of the filename.
2 You want to enter a title and apply a cell style to three worksheets at the same time.
Group the April, May, and June worksheets. Type Savings, Income, & Expenses in cell A1. Select the range A1:C1 and apply the Heading 1 cell style.
3 With the worksheets grouped, you want to calculate the Ending Savings Balance.
In cell C6, add the Beginning Savings Balance to the Monthly Savings Added.
4 With the worksheets grouped, you want to unlock a range so that it can be edited.
Unlock cell C9 and the range B12:B20 in the grouped worksheets. Then, ungroup the worksheets.
5 Three worksheets should have 3-D references to other worksheets.
Display the May worksheet. In cell C4, create a formula with a 3-D reference to cell C6 (the
Ending Savings Balance) in the April worksheet.
Display the June worksheet. In cell C4, create a formula with a 3-D reference to cell C6 (the
Ending Savings Balance) in the May worksheet.
Display the Qtr 2 worksheet. In cell C4, create a formula with a 3-D reference to cell C6 (the
Ending Savings Balance) in the June worksheet.
6 You are ready to build functions with 3-D references to sum data from all three months on the Qtr 2 worksheet.
With the Qtr 2 worksheet active, select cell C9 and insert the SUM function with a 3-D reference to total the salary amounts for all three months. Copy the function in cell C9 to cells C21 and C23.
7 Next, you want to insert a SUM function with a 3-D reference on the Qtr 2 worksheet.
Select cell B12 and insert the SUM function with a 3-D reference to total the rent amount
for all three months. Copy the function in cell B12 to the range B13:B20.
8 To ensure consistency among worksheets, you will group worksheets and apply formatting.
Display the April worksheet, group the April, May, June, and Qtr 2 worksheets. Select the range A8:C23. Fill the formats only across the grouped worksheets to copy the font formatting, indents, and number formatting. Ungroup the worksheets.
9 The Qtr 2 sheet contains cells containing April, May, and June text. You will insert hyperlinks to the respective worksheet data.
Select cell E3 containing April, insert a hyperlink to cell C23 in the April worksheet, and include
the ScreenTip with the text April balance
Select cell E4 containing May, insert a hyperlink to cell C23 in the May worksheet, and include the ScreenTip with the text May balance
Select cell E5 containing June, insert a hyperlink to cell C23 in the June worksheet, and include the ScreenTip with the text June balance
Select each cell to test the hyperlinks and correct any errors.
10 You want to consolidate data on the Summary worksheet.
Display the Summary worksheet. In cell A2, use the Consolidate tool to consolidate data. Add a reference to the range A11:B20 in the April worksheet and add references to the same ranges in the May and June worksheets. Select the Top row and Left column options. Do not create a link.
Select the range D2:D11 and cut the range. Insert the cut cells in cell C2 to move the May data before the June data.
11 You want to format the results after consolidating data.
Apply auto column widths to columns B, C, and D. Select the range B2:D2. Apply bold and center horizontal alignment.
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