ssignment\ Saved\ E2-5 (Algo) Determining Financial Statement Effects of Several Transactions LO2-1, 2-3\ Nike, Incorporated, with headquarters in Beaverton, Oregon, is one of the world's leading manufacturers of athletic shoes and sports apparel. The following activities occurred during a recent year. The amounts are rounded to millions, except for par value.\ a. Purchased additional buildings for

$166

and equipment for

$250

; paid

$406

in cash and signed a long-term note for the rest.\ b. Issued 110 shares of

$2

par value common stock for

$345

cash.\ c. Declared

$150

in dividends to be paid in the following year.\ d. Purchased additional short-term investments for

$7,516

rash.\ e. Several Nike investors sold their own stock to other in:-2stors on the stock exchange for

$88

.\ f. Sold

$4,413

in short-term investments for

$4,413

in cash.\ g. Borrowed

$6,094

from a bank; signed a note due in 20 years.\ h. Repurchased its common stock for

$3,017

in cash.\ Required:\ For each of the events (a) through (

h

), perform transaction analysis and indicate the account and amounts. Check that the accounting equation remains in balance after each transaction.\ Note: Enter decreases to an element of the balance sheet with a minus sign. If no impact on the accounting equation leave cells blank. Enter your answers in millions, (for example, 5.5 million should be entered as 5.5 rather than

5,500,000

).\ \\\\table[[Event,Asse,,

=

,Liabilities,,+,Stockholders' Equity,],[a.,Buildings,166,

=

,Notes payable (long-term),10,+,,],[a.,Equipment,250,

=

,,,+,,],[a.,Cash,

(406)

,

=

,5,,+,,],[b.,Cash,345,

=

,5,,+,Common stock,220],[b.,

F

,,

=

,5,,+,Additional paid-in-capital,125],[c.,

F

,+,

=

,5,

,+,Retained earnings,3,282],[c.,5,,

=

,Dividends payable,150,+,,],[d.,Short-term investments,7,516,

=

,5,,+,L,],[d.,Cash,

(7,516)

,

=

,5,,+,-,],[e.,5,,

=

,F,,+,5,],[e.,

F

,,

=

,,,+,

E

,],[f.,Short-term investments,

(4,413)

,

=

,5,,+,5,-],[f.,Cash,4,413,

=

,,,+,,],[g.,Cash,6,094,

=

,Notes payable (long-term),6,094,+,5,],[g.,5,,

=

,,,+,5,],[h.,Cash,

(3,017)

,

=

,,,+,Treasury stock,

(3,017)

E2-5 (Algo) Determining Financial Statement Effects of Several Transactions LO2-1, 2-3 Nike, Incorporated, with headquarters in Beaverton, Oregon, is one of the world's leading manufacturers of athletic shoes and sports apparel. The following activities occurred during a recent year. The amounts are rounded to millions, except for par value. a. Purchased additional buildings for $166 and equipment for $250; paid $406 in cash and signed a long-term note for the rest. b. Issued 110 shares of $2 par value common stock for $345 cash. c. Declared $150 in dividends to be paid in the following year. d. Purchased additional short-term investments for $7,516 rcash. e. Several Nike investors sold their own stock to other in:-2stors on the stock exchange for $88. f. Sold $4,413 in short-term investments for $4,413 in cash. g. Borrowed $6,094 from a bank; signed a note due in 20 years. h. Repurchased its common stock for $3,017 in cash. Required: For each of the events (a) through ( h ), perform transaction analysis and indicate the account and amounts. Check that the accounting equation remains in balance after each transaction. Note: Enter decreases to an element of the balance sheet with a minus sign. If no impact on the accounting equation leave cells blank. Enter your answers in millions, (for example, 5.5 million should be entered as 5.5 rather than 5,500,000 )