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05.15 Required information [The following information applies to the questions displayed below] Ethan Allen Interiors Incorporated is a leading manufacturer and retailer of home

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05.15 Required information [The following information applies to the questions displayed below] Ethan Allen Interiors Incorporated is a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from Ethan Allen's June 30, 2019, trial balance. (The amounts shown represent millions of dollars.) Accounts Payable Accounts Receivable Cash Common Stock Equipment Inventory Notes Payable (long-tere) Notes Payable (short-term) Retained Earnings Prepaid Rent Salaries and Wages Payable $93 14 21 363 245 162 23 9 19 1 21 49 Software Assume that the following events occurred in the following quarter a. Paid $10 cash for additional inventory. b. Issued additional shares of common stock for $20 in cash. c. Purchased equipment for $170, paid $15 in cash and signed a note to pay the remaining $155 in two years. d. Signed a short-term note to borrow $10 cash. e. Conducted negotiations to purchase a sawmill, which is expected to cost $36. 3. Record the transaction effects determined in part 2 using journal entries (If no entry is required for a transaction/event, select "No

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