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ces Nike, Inc., is one of the world's leading manufacturers of athletic shoes and sports apparel. The following acti recent year. The amounts are

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ces Nike, Inc., is one of the world's leading manufacturers of athletic shoes and sports apparel. The following acti recent year. The amounts are rounded to millions, except for par value. a. Purchased additional buildings for $303 and equipment for $1,202; paid $432 in cash and signed a long- b. Issued 10 shares of $1 par value common stock for $695 cash. c. Declared $1,159 in dividends to be paid in the following year. d. Purchased additional short-term investments for $5,928 cash. e. Several Nike investors sold their own stock to other investors on the stock exchange for $7,150. f. Sold $2,423 in short-term investments for $2,423 in cash. Required: Prepare journal entries for the above transactions. (If no entry is required for a transaction/event, select "No jou in the first account field. Enter your answers in millions.) View transaction list Journal entry worksheet Me Graw 6 Record the sale of Nike stock owned by investors to other investors on the stock exchange for $7,150. Note: Enter debits before credits Transaction General Journal Other noncurrent assets Debit Credit 7,150 Record entry Clear entry View general journal

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