Question: please answer ASAP 2 A 2 The following transactions occurred for Lantana Company during its first month of operations and have been recorded in the
please answer ASAP



2 A 2 The following transactions occurred for Lantana Company during its first month of operations and have been recorded in the T-accounts below. a. Issue $50,000 of common stock to owners. b. Purchased land for $20,000, paid $5,000 in cash and signed a 2-year note for the remainder. c. Bought $900 of supplies on account. d. Purchased $10,000 of equipment, paying cash. e. Paid $500 on account for supplies purchased in transaction (c). Using the T-account BALANCES and the information in the transactions, prepare a classified balance sheet for Lantana Company. Note: Use cell references to the T-account titles to complete columns B and G. Use cell references to the T-account balances and
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