Nike, Incorporated, with headquarters in Beaverton, Oregon, is one of the worlds 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 Purchased additional buildings for $174 and equipment for $250 paid $408 in cash and signed a long term note for the rest Issued 90 shares of $2 par value common stock for $345 cash Declared $150 in dividends to be paid in the following year Purchased additional short term investments for $7,616 cash Several Nike investors sold their own stock to other investors on the stock exchange for $88 Sold $4,413 in short term investments for $4,413 in cash Borrowed $6,114 from a bank signed a note due in 20 years Repurchased its common stock for $2,977 in cash Required For each of the events (a) through (h) , perform transaction analysis and indicate the account and amounts Check that the accounting equation remains in balance after each transaction Note Enter decreases to an element of the balance sheet with a minus sign If no impact on the accounting equation leave cells blank Enter your answers in millions, (for example, 5 5 million should be entered as 5 5 rather than 5,500,000) Nike, Incorporated, with headquarters in Beaverton, Oregon, 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 $174 and equipment for $250 paid $408 in cash and signed a long term note for the rest b Issued 90 shares of $2 par value common stock for $345 cash c Declared $150 in dividends to be paid in the following year d Purchased additional short term investments for $7,616 cash e Several Nike investors sold their own stock to other investors on the stock exchange for $88 f Sold $4,413 in short term investments for $4,413 in cash g Borrowed $6,114 from a bank signed a note due in 20 years h Repurchased its common stock for $2,977 in cash Required For each of the events (a) through (h), perform transaction analysis and indicate the account and amounts Check that the accounting equation remains in balance after each transaction Note Enter decreases to an element of the balance sheet with a minus sign If no impact on the accounting equation leave cells blank Enter your answers in millions, (for example, 5 5 million should be entered as 5 5 rather than 5,500,000 )

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Nike, Incorporated, with headquarters in Beaverton, Oregon, is one of the worlds leading manufacturers of athletic shoes and sports apparel. The following activities occurred during

Nike, Incorporated, with headquarters in Beaverton, Oregon, is one of the worlds 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.

Purchased additional buildings for $174 and equipment for $250; paid $408 in cash and signed a long-term note for the rest.
Issued 90 shares of $2 par value common stock for $345 cash.
Declared $150 in dividends to be paid in the following year.
Purchased additional short-term investments for $7,616 cash.
Several Nike investors sold their own stock to other investors on the stock exchange for $88.
Sold $4,413 in short-term investments for $4,413 in cash.
Borrowed $6,114 from a bank; signed a note due in 20 years.
Repurchased its common stock for $2,977 in cash.

Required:

For each of the events (a) through (h), perform transaction analysis and indicate the account and amounts. Check that the accounting equation remains in balance after each transaction.

Note: Enter decreases to an element of the balance sheet with a minus sign. If no impact on the accounting equation leave cells blank. Enter your answers in millions, (for example, 5.5 million should be entered as 5.5 rather than 5,500,000).

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Nike, Incorporated, with headquarters in Beaverton, Oregon, 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 $174 and equipment for $250; paid $408 in cash and signed a long-term note for the rest. b. Issued 90 shares of $2 par value common stock for $345 cash. c. Declared $150 in dividends to be paid in the following year. d. Purchased additional short-term investments for $7,616 cash. e. Several Nike investors sold their own stock to other investors on the stock exchange for $88. f. Sold $4,413 in short-term investments for $4,413 in cash. g. Borrowed $6,114 from a bank; signed a note due in 20 years. h. Repurchased its common stock for $2,977 in cash. Required: For each of the events (a) through (h), perform transaction analysis and indicate the account and amounts. Check that the accounting equation remains in balance after each transaction. Note: Enter decreases to an element of the balance sheet with a minus sign. If no impact on the accounting equation leave cells blank. Enter your answers in millions, (for example, 5.5 million should be entered as 5.5 rather than 5,500,000 )