$ 108 25 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) Barnett Allen Interiors Incorporated is a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from Barnett Allen's June 30, 2019, trial balance. (The amounts shown represent millions of dollars.) Accounts Payable Accounts Receivable Cash 130 Common Stock Equipment Inventory Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Retained Earnings Salaries and Wages Payable Software Assume that the following events occurred in the following quarter. a. Pald $45 cash for additional Inventory Issued additional shares of common stock for $40 in cash. c. Purchased equipment for $240, paid $115 in cash and signed a note to pay the remaining $125 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 $28. 20 350 166 210 1 22 369 35 50 2. Analyze transactions (a)-(e) to determine their effects on the accounting equation (Enter any decreases to account balances with a minus sign. Enter your answers in millions (ie, 10,000,000 should be entered as 10).) Assets Stockholders Equity Common Stock Liabilities Notes Payable Notes Payable (short-term) (long-term) Cash Inventory Equipment + . d +