E2-7 (Static) Recording Investing and Financing Activities LO2-1, 2-4

Nike, Inc., is one of the worlds 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.

1. Purchased additional buildings for $303 and equipment for $1,202; paid $432 in cash and signed a long-term note for the rest.
2. Issued 10 shares of $1 par value common stock for $695 cash.
3. Declared $1,159 in dividends to be paid in the following year.
4. Purchased additional short-term investments for $5,928 cash.
5. Several Nike investors sold their own stock to other investors on the stock exchange for $7,150.
6. 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 journal entry required" in the first account field. Enter your answers in millions.)