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Alex's interiors, Inc is an intemational manufacturer and retailer of home furnishings. The following is from Alex's balance sheet as of September 30, 2020
Alex's interiors, Inc is an intemational manufacturer and retailer of home furnishings. The following is from Alex's balance sheet as of September 30, 2020 dolars are in mition $ 110.00 Accounts Payable Cash Accounts Receivable Inventories Other Current Assets Property Plant and Equipment Other Assets $41.00 27.00 Wages and Other Expenses Payable 233 00 Notes Payable long-term) 156.00 240 00 41.00 Other Long-Term Liabilities 415.00 Contributed Capital 19:00 410.00 129 00 Retained Earnings 38.00 Assume that the following events occurred in the quarter ended December 31 (amounts provided are in whole dolary a Paid $9,500,000 cash for an additional other asset b. Issued additional shares for $9.500,000 in cash. o Purchased property, plant, and equipment paid $9,500 000 in cash and signed a note to pay the remaming $24 000,000 in two years d Sold, at cost other assets for $1.750.000 cash e Conducted negotiations to purchase a sawmill, which is expected to cost $51.000.000
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