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.

e). Sold 1/2 acre of land for $5,000. Accepted a note to receive payment in one year .

f). Purchased $10,000 of equipment in cash.

g). Paid $500 on account for supplies purchased in transaction (d).

FILE HOME INSERT Calibri B I Preparing a classified balance sheet - Excel PAGE LAYOUT FORMULAS DATA REVIEW 11 A A 3 % A Alignment Number Conditional Format as a Formatting Table Style Styles U . Paste Clipboard Font A13 c DEF JK Cash 75,000 b. b. Short-Term Investments 10,000 10,000 5,000 10,000 500 10.000 Notes Receivable Supplies 5,000 sool 5.000 900 Equipment 20,000 5,000 e. f. 10,000 29 bal 15.000 10.000 Recounts Payable 900 d 15,000 C 000 bal 150 bal Attempts) Chapter 2 Excel Simulation X + ducation.com/flow/connect.html ation HOME INSERT Preparing a classified balance sheet - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW % DDD A. Alignment Number Conditional Formatas Cell Cells - Formatting Table Styles - B IU . E. Editing LANTANA COMPANY Balance Sheet December 31, 2016 tibilities and Stockholders P Long term e s ERSO3I393GREB Total long-term Listes Totube Retained Em Total Stockholders' Equity Totes and Stockhodetty