Question: Help Save & Ext Check Edward Allen Interiors Inc. is a leading manufacturer and retailer of home furnishings in the United States and abroad. The






Help Save & Ext Check Edward Allen Interiors Inc. is a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from Edward Allen's September 30, 2016, trial balance. (The amounts shown represent millions of dollars.) $ 132 140 30 Accounts Payable Accounts Receivable Cash Common Stock Equipment Inventory Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Retained Earnings Salaries and Wages Payable Software 375 176 235 2 32 389 40 75 Assume that the following events occurred in the following quarter. a. Paid $35 cash for additional inventory b. Issued additional shares of common stock for $15 in cash. c. Purchased equipment for $210; paid $100 in cash and signed a note to pay the remaining $110 in two years. d. Signed a short-term note to borrow $15 cash. e. Conducted negotiations to purchase a sawmill, which is expected to cost $38. 3. Record the transaction effects determined in part 2 using journal entries of no entry is required for a transaction/event, select "No Journal Entry Required in the first account field. Enter your answers in millions Le.. 10,000,000 should be entered as 10) Journal entry worksheet Pad 35 cash for v entory Record the transaction ODODDDD Required information Journal entry worksheet Required information Journal entry worksheet Required information Journal entry worksheet
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