Balance Sheet | ||||||||||
Assets | Liabilities and Stockholder's Equity | |||||||||
Current Assets | Current Liabilities | |||||||||
Cash | $ 34,500.00 | Accounts Payable | $ 400.00 | |||||||
Supplies | $ 900.00 | Total Current Liabilities | $ 400.00 | |||||||
Total Current Assets | $ 35,400.00 | |||||||||
Long term Liabilities | ||||||||||
Long-Term Assets | Notes Payable | $ 15,000.00 | ||||||||
Land | $ 20,000.00 | Total Long term Liabilities | $ 15,000.00 | |||||||
Equipment | $ 10,000.00 | Total Liabilities | $ 15,400.00 | |||||||
Total Long term Assets | $ 30,000.00 | |||||||||
Stockholder's Equity | ||||||||||
Common Stock | $ 50,000.00 | |||||||||
Retained Earnings | $ - | |||||||||
Total Stockholder's Equity | $ 50,000.00 | |||||||||
Total Assets | $65,400.00 | Total Liabilities and Stockholder's Equity | $65,400.00 |
DEF 1 The following transactions occurred for Lantana Company during its first month of operations 2...
Lantana Company has provided you with the transactions that occurred during its first month of operations. The Controller has already recorded the transactions to the T-Accounts and has asked you to prepare the classified balance sheet based on the T-Account balances. Use the information included in the Excel Simulation and the Excel functions described below to complete the task. We were unable to transcribe this imageA1 VXfThe following transactions occurred for Lantana Company during its first month v D E...
Lantana Company has provided you with the transactions that occurred during its first month of operations. The Controller has already recorded the transactions to the T-Accounts and has asked you to prepare the classified balance sheet based on the T-Account balances. Use the information included in the Excel Simulation and the Excel functions described below to complete the task • Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if...
Lantana Company has provided you with the transactions that occurred during its first month of operations. The Controller has already recorded the transactions to the T-Accounts and has asked you to prepare the classified balance sheet based on the T-Account balances. Use the information included in the Excel Simulation and the Excel functions described below to complete the task. Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in...
Lantana Company has provided you with the transactions that occurred during its first month of operations. The Controller has already recorded the transactions to the T-Accounts and has asked you to prepare the classified balance sheet based on the T-Account balances. Use the information included in the Excel Simulation and the Excel functions described below to complete the task. Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in...
The following transactions occurred for Lantana Company during its first month of operations and have been recorded in the T-accounts below. a). Issued 7,500 shares of stock with a par value $0.10 to three owners (2,500 shares each) for $75000 in cash> b). Purchased a short term investment for $10,000 in cash. c). Purchased 2 acres of land for $20,000, paid $5,000 in cash and signed a 2 year note for the remainder. d). Bought $900 of supplies on account....
****** Please read ******* I need to fill this in with a formula I know the answer I just don't know how to plug it in with a formula using excel. A1 The following transactions occurred for Lantana Company during its first month H 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...
Need some help getting this answered please using formulas since I have to find the answer using excel. Have to fill in the yellow area thank you. A1 The following transactions occurred for Lantana Company during its first month H 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....
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? X SSB HOME INSERT Preparing a classified balance sheet - Excel FORMULAS DATA REVIEW - Sign In PAGE LAYOUT VIEW Paste B I U. . Clipboard Font - A - Alignment Number Conditional Format as Cell Cells Formatting Table Styles - Styles fic The following transactions occurred for Lantana Company during its first month A1 X H The following transactions occurred for Lantana Company during its first month of operations and have been recorded in the T-accounts below. 4...
Please Put All Answers + Formulas for excel 1. Prepare a classified balance sheet from T accounts. XS, FILE HOME Preparing a classified balance sheet - Excel PAGE LAYOUT FORMULAS D ATA REVIEW INSERT VIEW ? 7 - X Sign In Ribbon Display Options D O Ruler Formula Bar a B a 3 E Normal Page Break Page Custom Preview Layout Views ✓ Gridlines Headings Zoom Macros 100% Zoom to Window Selection Zoom Workbook Views Show Macros A1 X for...