The following trial balance for Hill Company has errors that cause it to be out of balance. Hill Company
Unadjusted Trial Balance
December 31, 2019
Debit Credit
Cash $20,000
Inventory $85,000
Accounts receivable 42,000
Accounts payable 12,000
Common stock 52,000
Retained earnings 58,000
Sales revenue 100,000
Cost of goods sold 60,000
Selling expenses 15,000
Totals $237,000 $207,000
Prepare a corrected version of the trial balance for Hill Company.

For each of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both: 1. sec examiner 2. bookkeeping department 3. division controller 4. external auditor (public accounting firm) 5. loan officer at the company's bank 6. state tax agency auditor 7. board of directors 8. manager of the service department 9. wall street analyst 10. internal auditor 11. potential investors 12, current stockholders 13. reporter from the wall street journal 14. regional division managers

Dr. sperry, a biologist, is using excel to track growth rates of different populations of bacteria. she has a very complex formula in one cell. it begins with “round”. dr. sperry would like to see exactly how excel’s calculation reached the final rounded value that she sees in the cell. what could dr. sperry do to best understand how the calculation was made? try different formulas on her own until she reaches the value shown in excel click on the evaluate formula button in the formulas tab and then click “step in” select the cell and then look at the formula in the formula field of the ribbon remove “round” from the formula in order to see the actual value before rounding

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