NIKE manufactures athletic shoes and sports apparel. Assume the following activities occurred during a recent year. The dollar amounts in (a) and (b) are presented "in millions," and the dollar amount in (c) is per share. When reporting amounts "in millions," exclude the 000,000 . 3. Purchased $216 in equipment: paid by signing a $5 long-term note and fulfilling the rest with cash. b. Issued $21 in additional common stock for cash contributions made by stockholders. c. Several NIKE investors sold their own stock to other investors on the stock exchange for $110 per share of stock. Required: 1. For each of the events above, prepare journal entries. 2. Which statement best describes transaction transaction (c) ? Complete this question by entering your answers in the tabs below. For each of the events above, prepare journal entries. (If no entry is required for o transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in millions ( (.e., 10,000,000 should be entered as 10).) Journal entry worksheet 3 Purchased $216 in equipment; paid by signing a $5 long-term note and Journal entry worksheet Purchased $216 in equipment; paid by signing a $5 long-term note and fulfiling the rest with cash. Record the transaction. Note: Enter debits before credits. Journal entry worksheet Issued $21 in additional common stock for cash contributions made by stockholders. Record the transaction. Note: Enter debits before credits. Several NIKE investors sold their own stock to other investors on the stock exchange for $110 per share of stock. Record the transaction. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Which statement best describes transaction (c)