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Alexandray's Interiors, Inc., is a leading international manufacturer and retailer of home furnishings. The following is adapted from Alexander's balance sheet as of September 30,

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Alexandray's Interiors, Inc., is a leading international manufacturer and retailer of home furnishings. The following is adapted from Alexander's balance sheet as of September 30, 2017 Dollars are in millions) Cash Accounts Receivable Inventories Other Current Assets Property. Plant, and Equipment Other Assets $164.00 Accounts Payable 24.09 Wages and Other Expenses Payable Long-Term Det 38.00 Other Long-Term Liabilities 401.00 Contributed Capital 123.00 Retained tarings $38.00 147.00 239.00 56.00 Assume that the following events occurred in the quarter ended December 31 famounts provided are in whole dolas a Paid 58.000.000 cash for an additional "other asset" b. issued additional shares for $8.000.000 in cash c. Purchased property, plant, and equipment paid $8,000,000 in cash and signed a note to pay the remaining $21,000,000 in two years d. Sold, at cost, other assets for $1.600.000 cash e Conducted negotiations to purchase a sawmil, which is expected to cost $48,000,000 Required: 1. Analyze transactions through (a to determine their effects on the accounting equation (Enter any decreases to account balances with a minus sign. Enter your answers in millions, rounded to two decimal places) d . E Wages and Other Expenses Payable Beg bal Long-term Debt Beg bal End bal End bal Other Long term Liabilities Beg bal Contributed Capital Beg bal End bal End bal Retained Earning Beg bal Other Current Assets Beg bal End bal Endi bol 4. Not available in connect 5. Prepare a classified balance sheet at December 31, 2017 (Enter your answers in millions, rounded to two decimal places.) ALEZANDRAY'S INTERIORS, INC Balance Sheet At December 31, 2017 in millions of dollars Assets DLL b. Prepare a classihed balance sheet at December 31, 2011. Enter your answers in mions, rounded to two decimar places.) ALEZANDRAY'S INTERIORS, INC. Balance Sheet At December 31, 2017 in millions of dollars) Assets Current assets Total current assets 0.00 $ 0.00 Total assets Liabilities Current liabilities Total current liabilities 000 0.00 Total abilities Shareholders' equity E Total assets Llabilities Current liabilities $ 0.00 Total current abilities 0.00 Total abilities Shareholders' equity 0.00 Total shareholders' equity Total liabilities and shareholders equity $ 0.00 0.00 6. As of December 31, 2017, has the financing for Alezandray's investment in assets primarily come from liabilities or from shareholders' equity? O Shareholders' equity O Liabilities OS e DELL

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