{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T13:13:17-04:00", "answer_date": "2024-05-26 13:13:17", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1741838", "url": "\/study-help\/questions\/2-the-following-transactions-occurred-for-lantana-company-during-its-1741838", "question_creation_date_js": "2024-05-26T13:13:17-04:00", "question_creation_date": "May 26, 2024 01:13 PM", "meta_title": "[Solved] 2 The following transactions occurred for | SolutionInn", "meta_description": "Answer of - 2 The following transactions occurred for Lantana Company during its first month of operations and have been recorded | SolutionInn", "meta_keywords": "2,transactions,occurred,lantana,company,first,month,operations,recorded,-accounts,below,3", "question_title_h1": " 2 The following transactions occurred for Lantana Company during its first month of operations and have been recorded in the T-accounts below. 3 5", "question_title": " 2 The following transactions occurred for Lantana Company during its first", "question_title_for_js_snippet": "2 The following transactions occurred for Lantana Company during its first month of operations and have been recorded in the T accounts below 3 5 a Received $50,000 cash from Lantana, the sole proprietor 6 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 9 e Paid $500 on account for supplies purchased in transaction (c) 10 13 123 12 a Cash 50,000 14 456N 15 bal 34,500 Supplies 5,000 b 10,000 d C 900 500 e bal 900 17 Land 21 22 866823456 18 b 19 20,000 20 bal 20,000 e Accounts Payable 500 900 C 400 bal d Equipment 10,000 bal 10,000 Note Payable 15,000 b 15,000 bal ", "question_description": "\"image\"image\"image", "transcribed_text": "2 The following transactions occurred for Lantana Company during its first month of operations and have been recorded in the T-accounts below. 3 5 a. Received $50,000 cash from Lantana, the sole proprietor. 6 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. -9 e. Paid $500 on account for supplies purchased in transaction (c). 10 13 123 12 a. Cash 50,000 14 456N 15 bal. 34,500 Supplies 5,000 b. 10,000 d. C. 900 500 e. bal. 900 17 Land 21 22 866823456 18 b. 19 20,000 20 bal. 20,000 e. Accounts Payable 500 900 C. 400 bal. d. Equipment 10,000 bal. 10,000 Note Payable 15,000 b. 15,000 bal.", "related_book": { "title": "Intermediate Accounting", "isbn": "978-1118159644, 9781118562185, 1118159640, 1118147294, 978-1118147290", "edition": "15th edition", "authors": "Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/253.jpg", "uri": "\/textbooks\/intermediate-accounting-15th-edition-253", "see_more_uri": "" }, "free_related_book": { "isbn": "B098W5VBG8", "uri": "\/textbooks\/spalding-graffiti-basketball-ball-no-5-rubber-b098w5vbg8-113870", "name": "Spalding Graffiti Basketball Ball No 5 Rubber", "edition": "" }, "question_posted": "2024-05-26 13:13:17", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/help-e-blood-flow-through-the-kidneys-trace-blood-flow-390188", "description": "E. Blood Flow Through the Kidneys Trace blood flow through the kidneys. 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