Finance 14ed

eBook Exercise 2-07 Dual Effects on Balance Sheet Equation Cement Plus, a firm specializing in building materials, engaged in the following four transactions during 2014: (1) purchased and received inventory costing $14,300 million, of which $12,000 millio on account with the rest paid in cash; (2) purchased a machine for $3,000 million with cash; (3) issued 2,000 shares of common stock for $6,500 million in cash; (4) issued shares of common stocl suppliers for the remaining amount due on purchases of inventory. Indicate the effects of each of these four transactions on the balance sheet equation. Cement plus applies U.S. GAAP financial rep standards and reports its results in millions of U.S. dollars ($) Enter all amounts as positive numbers. Where there are multiple effects in one transaction, enter increases first. Transaction Assets Liabilities + Shareholders Equity Increase 14,300 Decrease Increase 2,300 12,000 3,000.0 DecreasevO$ Increase v Increase V 6,500.0 6,500,0 Decrease Increase 18,500 12,000 Hide Feedback Partially Correct Check Mw