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For an answer to be graded as correct; you must use an Excel formula: 1. Begin each formula with an = sign. 2. Reference cells,
For an answer to be graded as correct; you must use an Excel formula: 1. Begin each formula with an = sign. 2. Reference cells, instead of entering values. Example: =83+C3 Uging the Kacrount RALAvCFS and the information in the transactions, prepare a classtied balance sheet for Lantana Company. Note: Use cell references to the Foctount tites to momplete columas 9 and ch Use cell references to the Focrount bulances and formular to complete columns C and H. For an answer to be graded as correct, you must use an Excel formula: 1. Begin each formula with an = sign. 2. Reference cells, instead of entering values. Example: =B3+C3 A 1 fi Accessibility tab summary: The transactions for Lantana Company are listed in rows 5 to 9 . The T-accounts are presented in cells A. B. c D E i G H 1 x 2 The following transactions occurred for Lantana Company during its first month of operations and have been recorded in the 3. T-accounts below. 4 a. Ateceived $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 remaindes. 7 c. Bought $900 of supplies on account. 8 d. Purchased $10,000 of equipment, paying cash. 9 e. Paid $500 on account for supplies purchased in transaction (c). Graded Worksheet Cakulation Mose Automumer Woribook Stabitern 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-occount bties to complete columns B and G. Use cell references to the T-account bailances and formulas to complete columns C and H
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