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Format a balance statement model

You will now create a balance statement model for the Grape Debate Wine Company. They want to format the statement using financial settings. Even though equity and liabilities are money owed, they are usually represented as positive numbers in these documents.

Each section will have a subtotal, using the sum() function, and the final total for equity and liabilities should be the total of those two sections.

This exercise is part of the course

Financial Modeling in Google Sheets

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Exercise instructions

  • Format the numerical data in Financial format (excluding the Years).
  • Using the sum() function, create subtotals in B11, B18, and B23.
  • Using the sum() function, create a total for Equity and Liabilities in B25.

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