How/what formulas to type into sheet?

1. Prepare a classified balance sheet from T accounts. KI Preparing a classified balance sheet - Excel PAGE LAYOUT FORMULAS DATA REVIEW FILE HOME INSERT VIEW Sign In X Calibri - 11 AA % M Paste BIU. FH CA- Alignment Number Cells Editing Conditional Format as Cell Formatting Table Styles Styles Clipboard Font H11 v X B H 1 4 A DEF G 1 The following transactions occurred for Lantana Company during its first month of operations 2 and have been recorded in the T-accounts below. 3 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. e. Paid $500 on account for supplies purchased in transaction (c). 8 9 10 11 la 12 Cash 50,000 Supplies 900 c. 5,000 10,000 500 b. d. 13 e. 14 bal. 15 34.500 bal. 900 Prov 6 5 b. Purchased and for $20,000, paid $5,000 in cash and signed a 2-year note for the remainder. c. Bought $900 of supplies on account. 7 d. Purchased $10,000 of equipment, paying cash. 8 e. Paid $500 on account for supplies purchased in transaction (c). 9 10 Cash 50,000 Supplies 900 C. 11 la 12 13 5,000 10,000 500 b. d. e. 14 bal. 34.500 bal. 900 15 16 17 b. Land 20,000 Equipment 10,000 d. 18 19 bal. 20.000 bal. 10,000 20 21 Note Payable Accounts Payable 500 22 e. 900 c. 15,000 b. 23 24 40,0 bal. 15.000 bal. 25 Common Stock 26 27 50,000 a. 0 Sheet1 READY + 100% Attempt(s) Show Me 31 Required: 32 Using the T-account BALANCES and the information in the transactions, 33 prepare a classified balance sheet for Lantana Company. 34 Note: Use cell references to the T-account titles to complete columns B and G. Use cell references to the 35 T-account balances and formulas to complete columns Cand H. List long-term assets in alphabetical order. 36 37 LANTANA COMPANY 38 Balance Sheet 39 At December 31, 2016 40 Assets Liabilities and Stockholders' Equity 41 Current Assets Current Liabilities 42 43 44 Total Current Assets Total Current Liabilities 45 46 Long-term Assets Long term Liabilities 47 48 49 Total Long-term Assets Total Long-term Liabilities 50 Total Liabilities 51 Sheet1 READY 100% Attempt(s) Show Me 37 38 39 LANTANA COMPANY Balance Sheet At December 31, 2016 Liabilities and Stockholders' Equity Current Liabilities Total Current Liabilities Long-term Liabilities Total Long-term Liabilities Total Liabilities 40 Assets 41 Current Assets 42 43 44 Total Current Assets 45 46 Long-term Assets 47 48 49 Total Long-term Assets 50 51 52 53 54 55 56 57 Total Assets 58 59 60 Sheet1 Stockholders' Equity ol Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity + 100% READY Attempt(s) Show Me