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Required Information PA2-3 (Algo) Recording Transactions (in a Journal and T-Accounts); Preparing and Interpreting the Balance Sheet [LO 2-1, LO 2-2, LO 2-3, LO 2-4, LO 2-5] [The following information applies to the questions displayed below.] Julle's Allen Interiors Incorporated is a leading manufacturer and retaller of home furnishings In the United States and abroad. The following is adapted from Julle's Allen's June 30,2019 , trlal balance. (The amounts shown represent millions of dollars.) Assume that the following events occurred in the following quarter. a. Paid $60 cash for additional Inventory. b. Issued additional shares of common stock for $25 in cash. c. Purchased equipment for $190; pald $90 in cash and signed a note to pay the remaining $100 in two years. d. Signed a short-term note to borrow $13 cash. e. Conducted negotiations to purchase a sawmill, which is expected to cost $34. PA2-3 (Algo) Part 3 3. Record the transaction effects determined in part 2 using journal entries. (If no entry is required for a transaction/event, select Journal Entry Required" In the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) d. Signed a short-term note to borrow $13 cash. e. Conducted negotiations to purchase a sawmill, which is expected to cost $34. A2-3 (Algo) Part 3 Record the transaction effects determined in part 2 using journal entries. (If no entry is required for a transaction/event, select " N Journal Entry Required" In the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Journal entry worksheet 5 Paid $60 cash for additional inventory. Record the transaction. Note: Enter debits before credits