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 a blank cell, "-B11" was entered the formula would output the result from cell B11, or $50,000 in this example, Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: + (plus sign to add). - (minus sign to subtract), (asterisk sign to multiply), and/(forward slash to divide). From the Excel Simulation below, if in a blank cell"=C11+C12" was entered the formula would add the values from those cells and output the result, or 15,000 in this example. If using the other math symbols the result would output an appropriate answer for its function SUM function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges to utilize this function. From the Excel Simulation below, if in a blank cell-SUMC11 C12,C13)" was entered the formula would output the result of adding those three separate cells, or 15,500 in this example. Similarly, if in a blank cell"-SUM(C11C13) was entered the formula would output the same result of adding those cells, except they are expressed as a range in the formula, and the result would be 15,500 in this example. Dject: Financial Reporting and Analysis using Excel 1 ed inces All answers must be entered as a formula Click OK to begin OK Prey 1 of 10 Next > 22 MacBook Air DU 80 868 FI F3 F4 A $ 4 & 7 8 N 9 6 5 3 Edit View History Books Windows Help Project: Financial Reporting and Analysis using Excel FILE HOME INSERT NOUT Hal DATA VW 1 1 NA Condition 10 po - The following used for doing its - DE The following transactions come for Late Company digitale a II have been recorded the counts below. 3 Keceived 550.000 cash from wes in exchange for common och 3. Purchased and for $20.000,paid 5.000 incanded some for the made Bought $900 of supplies on 7 d. Purchased 10 of quipment paying cash e Paid $500 for supplies purchased in train 10 Cu Supplies 11 5x 500 12 10 000 18 300 e 14 ha 3480 hal 900 15 15 Land 17 b SEXO d TO SE 20/20 bul 1 bal 20 21 Accounts No ME Graw Prey 110 Next > 2222 MOCESORA Du FLO FE 84 . $ % # 3 8 7 6 8 9 2 4 5 T E 1 R U 0 W L J G K H . D . F S Project Financial Reporting and Analysis using Excel OUI HADELAVOU DATA WWW 1 . ANCH 10 A1 The following conforman Comparing A 25 0 11 Common Sasch 27 25 50 30 31 Required: * Using the Tom BALANCES and the information in the transactions, 33 prepare a chied balance sheet for Lantana Company Note: Usrcell references to the crece com Dans cell references to the 35 Tawalancer and formulario completo columu Card. Barlenere in calonder 15 LANTANA COMPANY Balance Sheet 30 Al Deceber Assets Liabilities and Stackholders' 41 Ct Assets Cumshitis 0 4 Total Current AS Total Current Lilities MC Graw Prev 1 of 10 Next > 22 MacBook Air BO OG DU S: 19 A $ 4 & 7 2 3 5 6 8 W 2 E R T Y U 1 0 S D F G L H 22 MacBook Air DU 80 868 FI F3 F4 A $ 4 & 7 8 N 9 6 5 3 Edit View History Books Windows Help Project: Financial Reporting and Analysis using Excel FILE HOME INSERT NOUT Hal DATA VW 1 1 NA Condition 10 po - The following used for doing its - DE The following transactions come for Late Company digitale a II have been recorded the counts below. 3 Keceived 550.000 cash from wes in exchange for common och 3. Purchased and for $20.000,paid 5.000 incanded some for the made Bought $900 of supplies on 7 d. Purchased 10 of quipment paying cash e Paid $500 for supplies purchased in train 10 Cu Supplies 11 5x 500 12 10 000 18 300 e 14 ha 3480 hal 900 15 15 Land 17 b SEXO d TO SE 20/20 bul 1 bal 20 21 Accounts No ME Graw Prey 110 Next > 2222 MOCESORA Du FLO FE 84 . $ % # 3 8 7 6 8 9 2 4 5 T E 1 R U 0 W L J G K H . D . F S Project Financial Reporting and Analysis using Excel OUI HADELAVOU DATA WWW 1 . ANCH 10 A1 The following conforman Comparing A 25 0 11 Common Sasch 27 25 50 30 31 Required: * Using the Tom BALANCES and the information in the transactions, 33 prepare a chied balance sheet for Lantana Company Note: Usrcell references to the crece com Dans cell references to the 35 Tawalancer and formulario completo columu Card. Barlenere in calonder 15 LANTANA COMPANY Balance Sheet 30 Al Deceber Assets Liabilities and Stackholders' 41 Ct Assets Cumshitis 0 4 Total Current AS Total Current Lilities MC Graw Prev 1 of 10 Next > 22 MacBook Air BO OG DU S: 19 A $ 4 & 7 2 3 5 6 8 W 2 E R T Y U 1 0 S D F G L H
