E$2-5($Algo$)$ Determining Financial Statement Effects of Several Transactions LO$2-1,2-3$

Nike, Incorporated, with headquarters in Beaverton, Oregon, is one of the world's leading manufacturers of athletic shoes and sports apparel. The following activities occurred during a recent year. The amounts are rounded to millions, except for par value.

a$.$ Purchased additional buildings for $$186$ and equipment for $$260$; paid $$408$ in cash and signed a long$-$term note for the rest.

b$.$ Issued $90$ shares of $$2$ par value common stock for $$345$ cash.

c$.$ Declared $$145$ in dividends to be paid in the following year.

d$.$ Purchased additional short$-$term investments for $$7,716$ cash.

e$.$ Several Nike investors sold their own stock to other investors on the stock exchange for $$82.$

f$.$ Sold $$4,313$ in short$-$term investments for $$4,313$ in cash.

g$.$ Borrowed $$6,184$ from a bank; signed a note due in $20$ years.

h$.$ Repurchased its common stock for $$3,137$ in cash.

Required:

For each of the events $($a$)$ through $($h$),$ perform transaction analysis and indicate the account and amounts. Check that the accounting equation remains in balance after each transaction.

Note: Enter decreases to an element of the balance sheet with a minus sign. If no impact on the accounting equation leave cells blank. Enter your answers in millions, $($for example, $5\mathrm{.}5$ million should be entered as $5\mathrm{.}5$ rather than $5,500,000).$

$\backslash$table$[[$Event$,$Asset,,$=,$Llabilities,,$+,$Stockholders' Equity$],[$a$.,$Buildings,$186,=,$Notes payable $($long$-$term$),,+,],[$a$.,$Equipment,$260,=,$L$,,+,],[$a$.,$Cash,$(408),=,$L$,,+,],[$b$.,$Cash,$345,=,$P$,,+,$Common stock$],[$b$.,$L$,,=,$L$,,+,$Additional paid$-$in$-$capital$],[$c$.,,,=,$Dividends payable,$145,+,],[$c$.,$r$,,=,,,+,$Retained earnings$],[$d$.,$Short$-$term investments,$7,716,=,$P$,,+,],[$d$.,$Cash,$(7,716),=,$P$,,+,],[$e$.,$T$,,=,5,,+,],[$e$.,$p$,,=,,,+,],[$f$.,$Short$-$term investments,$(4,313),=,$P$,,+,],[$f$.,$Cash,$4,313,=,,,+,],[$g$.,,,=,7,,+,],[$g$.,,,=,17,,+,],[$h$.,$o$,,=,,,+,]]$