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accounting transaction analysis Nike, Incorporated, with headquarters in Beaverton, Oregon, is one of the world's leading manufacturers of athletic shoes and sports apparel. The following
accounting transaction analysis
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 buidings for $166 and equipment for $270; paid $406 in cash and signed a long-term note for the rest. b. Issued 110 shares of $2 par value common stock for $335 cash. c. Declared $135 in dividends to be paid in the following year. d. Purchased additional short-term investments for $7.716cash. e. Several Nike investors sold their own. stock to other investors on the stock exchange for $84 1. Sold $4,313 in short-term investments for $4,313 in cash. 9. Borrowed $6,234 from a bank: signed a note due in. 20 years. h. Repurchased its common stock for $3,047 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 bolance sheet with a minus sign. If no impact on the accounting equotion leave cells blank. Enter your answers in millions, (for example, 5.5 million should be entered os 5.5 rather than 5,500,000 ) Step by Step Solution
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