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Full options are: Accounts payable Accounts receivable Accrued liabilities payable Additional paid-in capital Buildings Cash Common stock Dividends payable Equipment Intangible Inventories Land Long-term investments
Full options are:
Accounts payable
Accounts receivable
Accrued liabilities payable
Additional paid-in capital
Buildings
Cash
Common stock
Dividends payable
Equipment
Intangible
Inventories
Land
Long-term investments
Notes payable (long-term)
Notes payable (short-term)
Notes receivable (long-term)
Notes receivable (short-term)
Retained earnings
Short-term investments
Store fixtures
a. Purchased additional buildings for $168 and equipment for $270: paid $406 in cash and signed a long-term note for the rest. b. Issued 110 shares of $2 par value common stock for $330 cash. C. Declared $150 in dividends to be paid in the following year. d. Purchased additional short-term investments for $7.716 cash. e. Several Cannon Sporting Goods investors sold their own stock to other investors on the stock exchange for $80. f. Sold $4,313 in short-term investments for $4,313 in cash. Required: For each of the events (a) through (7. 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 after each transaction (If no impact on the accounting equation leave cells blank. Enter your answers in millions.) Event Assets Liabilities Stockholders' Equity b. Accounts payable Accounts receivable Accrued liabilities payable Additional paid-in capital Buildings C d. e. Cannon Sporting Goods is one of the world's 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. a. Purchased additional buildings for $168 and equipment for $270; paid $406 in cash and signed a long-term note for the rest. b. Issued 110 shares of $2 par value common stock for $330 cash. c. Declared $150 in dividends to be paid in the following year. d. Purchased additional short-term investments for $7,716 cash. e. Several Cannon Sporting Goods investors sold their own stock to other investors on the stock exchange for $80. 1. Sold $4,313 in short-term investments for $4,313 in cash
Full options are:
Accounts payable
Accounts receivable
Accrued liabilities payable
Additional paid-in capital
Buildings
Cash
Common stock
Dividends payable
Equipment
Intangible
Inventories
Land
Long-term investments
Notes payable (long-term)
Notes payable (short-term)
Notes receivable (long-term)
Notes receivable (short-term)
Retained earnings
Short-term investments
Store fixtures
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