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

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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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. (Omlt
the "S" sign In your response.)
C-
1.
Assets
Liabilities & Shareholders' Equity
Microsoft shares
Bank loan
Computers
Shareholders' equity
Total
Total
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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