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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

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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

Notes payable (long-term)

Notes payable (short-term)

Notes receivable (long-term)

Notes receivable (short-term)

Retained earnings

Short-term investments

Store fixtures

image text in transcribed
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

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