E2-5 (Algo) Determining Financial Statement Effects of Several Transactions LO2-1, 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 $180 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 $340 cash. c. Declared $130 in dividends to be paid in the following year. d. Purchased additional short-term investments for $7,616 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 $6,104 from a bank; signed a note due in 20 years. h. Repurchased its common stock for $2,997 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, 5.5 million should be entered as 5.5 rather than 5,500,000). Event a. a Buildings Equipment a Cash b Cash b. Assets Liabilities + Stockholders' Equity 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, 5.5 million should be entered as 5.5 rather than 5,500,000). Event Assets a Buildings a. Equipment B Cash b Cash b C C d. Short-term investments d. Cash e e f Cash f Short-term investments 9 Cash 9 h. Cash h Liabilities + Stockholders' Equity