FIGURE EX 7-1 
The area indicated by #1 in Figure EX 7-1 above is ____.
Definitions:
Interest Calculations
The process of determining the amount of interest owed or earned over a specified period of time, based on a given rate and principal amount.
Merchandise
Goods available for sale in a retail or wholesale environment.
Journalize
The act of recording transactions in an accounting journal in chronological order.
Interest Expense
The cost incurred by an entity for borrowed funds, represented as an expense on the income statement.
Q2: To switch to manual calculation, click the
Q4: A pie chart is similar to the
Q4: PowerPoint will allow you to create a
Q23: The Macros button is found in the
Q25: AutoFilters are automatically added to the data
Q28: Macro settings can be viewed by clicking
Q32: If the next cell already contains data,
Q42: If you make a mistake, you can
Q43: You can include cell references in a
Q45: The _ Wizard walks you through the