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Notes payable Notes receivable ther current assets ther noncurrent assets Retained earnings Additional paid-in-capital Buildings Cash Common stock Dividends payable Nike, Incorporated, with headquarters in
Notes payable Notes receivable ther current assets ther noncurrent assets Retained earnings Additional paid-in-capital Buildings Cash Common stock Dividends payable 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 difring a recent year. The amounts are rounded to millions, except for par value. a. Purchased additional buildings for $303 and equipment for $1,202; paid $432 in cash and signed a long-term note for the rest. b. Issuled 10 shares of $1 par value common stock for $885 cash. c. Declared $1,491 in dividends to be paid in the following year. d. Purchased additional short-term investments for $2,426 cash. e. Several Nike investors sold their own stock to other investors on the stock exchange for $7,150. f. Sold $2,379 in short-term investments for $2,379 in cash. g. Borrowed $6,134 from a bank; signed a note due in 20 years. h. Repurchased its common stock for $3,067 in cash. Required: Prepare journal entries for the above transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions, (for example, 5.5 million should be entered as 5.5 rather than 5,500,000 ). No journal entry required Accounts payable Accounts receivable Additional paid-in-capital Other noncurrent assets Retained earnings Short-term investments Store fixtures Treasury stock Buildings Equipment
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