Question: please give answer by stating excell formula for each box 1. Prepare a classified balance sheet from T accounts. Preparing a classified balance sheet -

 please give answer by stating excell formula for each box 1.

Prepare a classified balance sheet from T accounts. Preparing a classified balance

sheet - Excel PAGE LAYOUT FORMULAS DATA REVIEW points VIEW Sign in

B5. FILE HOME INSERT * Calloni - Paste B IU Skipped -

please give answer by stating excell formula for each box

1. Prepare a classified balance sheet from T accounts. Preparing a classified balance sheet - Excel PAGE LAYOUT FORMULAS DATA REVIEW points VIEW Sign in B5. FILE HOME INSERT * Calloni - Paste B IU Skipped - A . - Alignment Number Conditional Format as Cell Formatting Table Styles Cells Editing Clipboard Font Styles eBook A1 The following transactions occurred for Lantana Company during its first month References A D E F 1 The following transactions occurred for Lantana Company during its first month of operations 2 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. 8 e. Paid $500 on account for supplies purchased in transaction (c). Supplies Cash 50,000 c. 900 5,000 10,000 500 b. d. e. bal 34,500 bal 900 Land 20,000 Equipment 10,000 Formatting Styles Table Styles Clipboard Font The following transactions occurred for Lantana Company during its first month DEF bal 14 bal. 34 500 900 Land 20,000 17 b. Equipment 10,000 19 bal. 20,000 10,000 Note Payable Accounts Payable 500 900 c. 15,000 b. 400 bal. 15,000 bal. Common Stock 50,000 a. 50,000 bal. 31 Required: Teine the Tanneur DAT ANCES and this Clipboard Font Styles AL The following transactions occurred for Lantana Company during its first month D E F points 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 C and H. List long-term assets in alphabetical order. Skipped ofw eBook LANTANA COMPANY Balance Sheet At December 31, 2016 Liabilities and Stockholders' Equity Current Liabilities Assets 41 Current Assets References 44 Total Current Assets Total Current Liabilities 46 Long-term Assets Long-term Liabilities 49 Total Long-term Assets Total Long-term Liabilities Total Liabilities Stockholders' Equity ... Sheet1 ... + -- + 100% READY Attempt(s) TO Long-term ASSIS Total Long-term Liabilities Total Liabilities Stockholders' Equity 0 Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 57 Total Assets Sheet1 ... + !!! 0 - 100% READY Attempt(s)

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