6 65 FILE Preparing a classified balance sheet-Excel HOME INSERT VAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calb A A 11 Algnment Number Conditional Format as Cell Formatting Table Styles Cells Editing Styles Paste BIU 18 points Cleboard Font AI eBook References 2 3 C The following transactions occurred for Lantana Company during its first month DEF G The following transactions occurred for Lantana Company during its first month of operations and have been recorded in the T-accounts below. 4 a. Received $50,000 cash from owners in exchange for common stock. 5 b. Purchased land for $20,000, paid $5,000 in cash and signed a 2-year note for the remainder. 6 c. Bought $900 of supplies on account. 7 d. Purchased $10,000 of equipment, paying cash. se. Paid $500 on account for supplies purchased in transaction (c). H 1 9 10 11 a. Cash 50,000 Supplies 5,000 b. 10,000 C. 900 d. 500 c. bal. 900 12 13 14 bal. 34,500 15 16 Land 17 b. 20,000 18 19 bal. 20,000 201 21 22 c. 23 Accounts Payable 500 Chant 900 C. 400 hal Equipment d. 10,000 bal. 10,000 Note Payable 15,000 b. 15.000 hal