Cannon Sporting Goods is one of the world's leading manutacturers of athletic shoes and sports apparel. The following activities occurred during a recent year. The amounts are rounded to millions, except for par value Purchased additional buildings for $182 and equipment for $270, paid $402 n cash and ugned a long term nate for the rest b.issued 90 shares of $2 par value common stock for $330 cash c. Declared 5140 in dividends to be paid in the following year d Purchased additional short term investments for $7,616 cash e Several Cannon Sporting Goods investors sold their own stock to other investors on the stock exchange for $82 Sold 54.213 in short-term investments for $1.213 in cash Required: For each of the events through perform transaction analysis and indicate the account, amount and direction of the effect (* for increase and for decrease) on the accounting equation Check that the accounting equation remains in balance after each transaction (if no impact on the accounting equation leave cells blank. Enter your answers in milions.) Event Assets Stockholders' Equity Accounts payable Accounts receivable Accrued liabilities payable Additional pald-in capital C d 1 Purchased additional buildings for $182 and equipment for $270. paid $402 in cash and signed a long-term note for the rest Issued 90 shares of $2 par value common stock for $330 cash Declared $140 in dividends to be paid in the following year Purchased additional short-term investments for $7,616 cash. Several Cannon Sporting Goods investors sold their own stock to other investors on the stock exchange for $82. Sold $4.213 in short-term investments for $4,213 in cash. quired: each of the events (a) through (1. perform transaction analysis and indicate the account, amount and direction of the effect for ease and for decrease) on the accounting equation. Check that the accounting equation remains in balance after each msaction. If no impact on the accounting equation leave cells blank. Enter your answers in millions.) Aneta Liabilities Stockholders' Equity C Accounts payable Accounts receivable Accrued liabilities payable Additional paid-in capital d Prox 1 of Next > Com O 6 c TGoosis one way USUGER a recent year. The amounts are rounded to millions, except for par value additional buildings for $182 and equipment for $270, paid $402 in cash and signed a long terminate for the rest shares of $2 par value common stock for $330 cash $140 in dividends to be paid in the following year, dadditional short term investments for $7616 cash annon Sporting Goods investors sold their own stock to other investors on the stock exchange for $82 13 in short-term investments for $4.213 in cash events through (n. perform transaction analysis and indicate the account amount and direction of the effect for for decrease) on the accounting equation Check that the accounting equation remains in balance after each no impact on the accounting equation leave cells blank. Enter your answers in millions.) Assets Liabilities Stockholders' Equity Accounts payable Accounts receivable Accrued abilities payable Additional paid in capital Proy 1 of 4 !!! Next > O c - 2
