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Ake, Incorporated, with headquarters in Beaverton, Oregon, is one of the worid's leading manufacturers of athletic shoes and sports pparel. The following actlvities occurted during

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Ake, Incorporated, with headquarters in Beaverton, Oregon, is one of the worid's leading manufacturers of athletic shoes and sports pparel. The following actlvities occurted during a recent year. The amounts are rounded to millions, except for par value. a. Purchased additional bulldings for $303 and equipment for $1,202; pald $432 in cash and signed a fong-term note for the rest. b. Issued 10 shares of $1 pat value common stock for $885 cash. c. Declared $1,491 in dividends to be paid in the following year, d. Purchased additional short-term investments for $2.426cash. e. Several Nike Investors sold their own stock to other investors on the stock exchange for $7.150. 1. Sold $2,379 in short-term investments for $2,379 in cash. 9. Borrowed $6,134 from a bank; signed a note due in 20 years. h. Repurchased its common stock for $3,067 in cash. Required: Prepare journal entries for the above transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions, (for example, 5.5 million should be entered as 5.5 rather than 5,500,000 ). Journal entry worksheet 2345678 Purchased additional buildings for $303 and equipment for $1,202; paid $432 in cash and signed a long-term note for the rest. Note: Enter debits before credits. Journal entry worksheet 345678 Issued 10 shares of $1 par value common stock for $885 cash. Note: Enter debits before credits. Journal entry worksheet 1 5678 Declared $1,491 in dividends to be paid in the following year. Purchased additional short-term investments for $2,426 cash. Note: Enter debits before credits. Journal entry worksheet Several Nike investors sold their own stock to other investors on the stock exchange for $7,150. Nata: Enter debits before credits. Sold $2,379 in short-term investments for $2,379 in cash. Note: Enter debits before credits. Journal entry worksheet 1 8 Borrowed $6,134 from a bank; signed a note due in 20 years. Note: Enter debits before credits. Repurchased its common stock for $3,067 in cash. Note: Enter debits before credits

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