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
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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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. (Omlt
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%2Fef1f9637-2e02-4564-b7c6-ba2a81154bf9%2Fwblp01_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. (Omlt
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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