La-Z-Boy Incorporated is a furniture manufacturer. Listed here are typical aggregate transactions from the fi rst quarter of a recent year (in millions). Complete the following table, indicating the sign ( 1 for increase, 2 for decrease, and NE for no effect) and amount of the effect of each transaction. Provide an account name for any revenue or expense transactions included in stockholders' equity. Consider each item independently.
a. Repaid $10 on a long-term note payable to a bank. (Interest was paid separately.)
b. Recorded collections of cash from customers who owed $32.

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Transaction Assets Liabilities Stockholders' Equity