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Required information PA2-3 (Algo) Recording Transactions (in a Journal and T-Accounts); Preparing and Interpreting the Balance Sheet [LO 2-1, LO 2-2, LO 2-3, LO 2-4,

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Required information PA2-3 (Algo) Recording Transactions (in a Journal and T-Accounts); Preparing and Interpreting the Balance Sheet [LO 2-1, LO 2-2, LO 2-3, LO 2-4, LO 2-5] [The following information applles to the questions displayed below] Southern Allen Interiors incorporated is a leading manufocturer and retaller of home furnishings in the United States and abroad. The following is adapted from Southern Allen's June 30, 2019, trial balance. (The amounts shown represent millions of dollars) Assume that the following events occurred in the following quarter. a. Paid $50 cash for additional imventory. 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 sewmili, which is expected to cost 544 PA2-3 (Algo) Part 6 6. Prepare a classified balance sheet at September 30, 2019 (Enter your answers in millions fi.e, 10,000,000 should be entered as 10)- 6. Prepare a classified balance sheet at September 30, 2019. (Enter your answers in millions (l.e., 10,000,000 should be entered as 10).)

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