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Ethan Allen Interiors incorporated is a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from Ethan

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Ethan Allen Interiors incorporated is a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from Ethan Allen's June 30, 2019, trial balance. (The amounts shown represent millions of dollars.) Assume that the following events occurred in the following quarter. a. Paid $10 cash for additional inventory. b. Issued additional shares of common stock for $20 in cash. c. Purchased equipment for $170 : paid $15 in cash and signed a note to pay the remaining $155 in two years. d. Signed a short-term note to borrow $10 cash. e. Conducted negotiations to purchase a sawmill, which is expected to cost $36. Journal entry worksheet 45 Paid $10 cash for additional inventory. Record the transaction. Note: Enter debits before credits. Journal entry worksheet 5 Issued additional shares of common stock for $20 in cash. Record the transaction. Note: Enter debits before credits. Journal entry worksheet Purchased equipment for $170; paid $15 in cash and signed a note to pay the remaining $155 in two years. Record the transaction. Note: Enter debits before credits. Journal entry worksheet Signed a short-term note to borrow $10 cash. Record the transaction. Note: Enter debits before credits. Journal entry worksheet Conducted negotiations to purchase a sawmill, which is expected to cost $36. Record the transaction. Note: Enter debits before credits. 2. Analyze transactions (0)-(e) to determine their effects on the accounting equation. (Enter any decreases to account balances with a minus sign.)

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