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Alexs Interiors, Inc. is an intemational manufacturer and retailer of home furnishings. The following is from Alex's balance sheet as of September 30, 2000
Alexs Interiors, Inc. is an intemational manufacturer and retailer of home furnishings. The following is from Alex's balance sheet as of September 30, 2000 (dars are in Cash Accounts Receivable invictories Other Cument Assets Property Plant and Equipment Other Assets $ 110.00 Accounts Payable 27.00 Wages and Other Expenses Payable 233.00 Notes Payable, Jong-term) 41.00 Other Long-Term Liabilities 415.00 Contributed Capital 129.00 Retained Eamings $41.00 15600 248.00 59.00 416.00 3600 Assume that the following events occurred in the quarter ended December 31 (amounts provided are in whole dollars) a. Paid $9,500,000 cash for an additional other asset Issued addtional shares for $9,500,000 in cash Purchased property, plant, and equipment paid $9.500.000 in cash and signed a note to pay the remaining $24,000,000 in two years d Sold, at cost, other assets for $1,750.000 cash + Conducted negotiations to purchase a sawmill, which is expected to cost $51,000.000 Required: 1. Analyze transactions (through je) to determine their effects on the accounting equation (Enter any decreases to account balances with a minus sign Enter your answers rounded to two decimal places) Transaction D L Assets L Shareholders Equity
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