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E2-5 (Algo) Determining Financlal Statement Effects of Several Transactlons LO2-1, 2-3 Nike, Incorporated, with headquarters in Beaverton, Oregon, is one of the world's leading manufacturers
E2-5 (Algo) Determining Financlal Statement Effects of Several Transactlons 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 $190 and equipment for $260; paid $404 in cash and signed a long-term note for the rest. b. Issued 110 shares of $2 par value common stock for $335 cash. c. Declared $145 in dividends to be paid in the following year. d. Purchased additional short-term investments for $7,816 cash. e. Several Nike investors sold their own stock to other investors on the stock exchange for $86. 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 $3,047 in cash. Requlred: 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 belence sheet with a minus slgn. If no Impect on the accounting equation leave cells blenk. Enter your answers In millions, (for exemple, 5.5 millilon should be entered as 5.5 rather then 3,500,000 )
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