PA2-3 Recording Transactions (in a Journal and T-Accounts); Preparing and Interpreting the Balance Sheet [LO 2-2, LO 2-3, LO 2-4, LO 2-5] (General Ledger) Edward Allen Interiors Inc. is a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from Edward Allen's September 30, 2019, trial balance. (The amounts shown represent millions of dollars.) Accounts Payable Accounts Receivable Cash Common Stock Equipment $147 33 146 36 390 Inventory 182 Notes Payable (long-term) 250 Notes Payable (short-term) Prepaid Rent 2 38 Retained Earnings Salaries and Wages Payable Software 401 43 90 Assume that the following events occurred in the following quarter. a. Paid $50 cash for additional inventory. b. Issued additional shares of common stock for $30 in cash. c. Purchased equipment for $240; paid $115 in cash and signed a note to pay the remaining $125 in two years. d. Signed a short-term note to borrow $12 cash. e. Conducted negotiations to purchase a sawmill, which is expected to cost $44.