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 accounts and has asked you to prepare a classified balance sheet based on the 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. In the Excel Simulation below, if =C11 is entered in a blank cell, the formula outputs the result from cell C11, which is 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). In the Excel Simulation below, if =C6+C7 is entered in a blank cell, the formula adds the values from those cells and outputs the result, which is 10,900 in this example. If using the other math symbols, the result is an appropriate answer for the 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. In the Excel Simulation below, if =SUM(C6,C7,C8) is entered in a blank cell, the formula outputs the result of adding those three separate cells, which is 30,900 in this example. Similarly, if =SUM(C6:C8) is entered in a blank cell, the formula outputs the same result of adding those cells even though they are expressed as a range in the formula, so the result is 30,900 in this example.

Paste BIU - Alignment Number Cells Editing Conditional Format as Cell Formatting Table Styles Styles Clipboard Font A1 X fac The following transactions occurred for Lantana Company during its first month