Lanni sells the software product to Microsoft, which will market it to the public under the 1. C- Microsoft name. Lanni accepts payment in the form of 1,500 shares for $80 per share. Prepare the balance sheet after Lanni accepts the payment of shares from Microsoft. (Omlt the "S" sign In your response.) Assets Liabilities & Shareholders' Equity Microsoft shares Bank loan Computers Shareholders' equity Total Total
Lanni sells the software product to Microsoft, which will market it to the public under the 1. C- Microsoft name. Lanni accepts payment in the form of 1,500 shares for $80 per share. Prepare the balance sheet after Lanni accepts the payment of shares from Microsoft. (Omlt the "S" sign In your response.) Assets Liabilities & Shareholders' Equity Microsoft shares Bank loan Computers Shareholders' equity Total Total
Chapter1: Making Economics Decisions
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![Lanni sells the software product to Microsoft, which will market it to the public under the
Microsoft name. Lanni accepts payment in the form of 1,500 shares for $80 per share.
Prepare the balance sheet after Lanni accepts the payment of shares from Microsoft. (Omit
the "S" sign In your response.)
C-
1.
Assets
Liabilities & Shareholders' Equity
Microsoft shares
Bank loan
Computers
Shareholders' equity
Total
Total](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F33f32603-9bcc-4671-bed1-7adff93a4b98%2Ff509d7be-e2e8-493a-8cc4-f9048ba7af96%2Fkn049r3_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Lanni sells the software product to Microsoft, which will market it to the public under the
Microsoft name. Lanni accepts payment in the form of 1,500 shares for $80 per share.
Prepare the balance sheet after Lanni accepts the payment of shares from Microsoft. (Omit
the "S" sign In your response.)
C-
1.
Assets
Liabilities & Shareholders' Equity
Microsoft shares
Bank loan
Computers
Shareholders' equity
Total
Total
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