Edward Allen Interiors Inc. is a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from Edward Allen's September 30, 2016, trial balance. (The amounts shown represent millions of dollars.) $ 116 27 134 24 360 170 Accounts Payable Accounts Receivable Cash Common Stock Equipment Inventory Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Retained Earnings Salaries and Wages Payable Software 220 26 377 37 60 Assume that the following events occurred in the following quarter. a. Paid $55 cash for additional inventory. b. Issued additional shares of common stock for $20 in cash. c. Purchased equipment for $260; paid $125 in cash and signed a note to pay the remaining $135 in two years. d. Signed a short-term note to borrow $12 cash. e. Conducted negotiations to purchase a sawmill, which is expected to cost $32. Journal entry worksheet 2 3 4 5 Paid $55 cash cash for additional inventory. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Journal entry worksheet 2 3 4 5 Issued additional shares of common stock for $20 in cash. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Journal entry worksheet