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E2-5 Determining Financial Statement Effects of Several Transactions LO2-3 FootCovers, Inc., with headquarters in Beavertion, Oregon, is one of the world's leading manufacturers of athletic

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E2-5 Determining Financial Statement Effects of Several Transactions LO2-3 FootCovers, Inc., with headquarters in Beavertion, Oregon, is one of the world's leading manufacturers of athletic shoes and sports apparel. The following activities occurred during a recs year. The amounts are rounded to millions a. Purchased additional buildings for $176 and equipment for $260; paid $408 in cash and signed a long-term note for the rest b. Issued 100 shares of $2 par value common stock for $330 cash. c. Declared $130 in ividends to be paid in the following year d. Purchased additional short-term investments for $7 616 cash e. Several FootCovers 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 Required: For each of the events (a) through (n, 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 ater each transaction. (If no impact on the accounting equation leave cells blank. Enter your answers in mililions Liabilities Stockholders Equity

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