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130 20 Required 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

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130 20 Required 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 $ 108 Accounts Receivable 25 Cash Common Stock Equipment 350 Inventory Notes Payable (long-term) 210 Notes Payable (short-term) 1 Prepaid Rent Retained Earnings Salaries and Wages Payable Software Assume that the following events occurred in the following quarter. a. Paid $45 cash for additional inventory issued additional shores of common stock for $40 in cash. c Purchased equipment for $240: pold $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 $28 166 22 369 35 50 6. Prepare a classified balance sheet at September 30, 2019. (Enter your answers in millions (i.e., 10,000,000 sho 10).) BARNETT ALLEN INTERIORS, INCORPORATED Balance Sheet (in millions of dollars) $ 0

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