Excel: repeat the last entry in a column?
In MS Excel, is there a formula that will repeat the last entry in a column? For example, here are 5 cells in column A:
A1= 300
A2= 400
A3= (blank)
A4= (blank)
A5 = the last entry above
In A5, I'd like a formula that displays the last cell above it that has an entry. In the above example, A5 would show "400." If I enter a new value in A3, then A5 would automatically show the value in A3.
This should be a common function, as A5 would be the balance due on a simple accounts receivable statement. I tried Excel Help and Search Answers in Yahoo for this and found nothing. Thank you in advance.