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 applies to the questions displayed below.) Barnett Allen Interiors Incorporated is a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from Barnett Allen's June 30, 2019, trial balance (The amounts shown represent millions of dollars.) 210 1 Accounts Payable $ 108 Accounts Receivable 25 Cash 130 Common Stock 28 Equipment 350 Inventory 166 Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent 22 Retained Earnings 369 Salaries and Wages Payable 35 Software 50 Assume that the following events occurred in the following quarter. a. Paid $45 cash for additional inventory b. Issued additional shares of common stock for $40 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 $10 cash. e Conducted negotiations to purchase a sawmill, which is expected to cost $28 4. Summarize the journal entry effects from part 3 using T-accounts. Use the June 30, 2019, ending balances as the beginning balances for the July-September 2019 quarter. (Enter your answers in millions (.e., 10,000,000 should be entered as 10).) Cash Credit Debit Beginning Balance Accounts Receivable Debit Beginning Balance Credit Ending Balance Ending Balance Inventory Prepaid Rent Credit Debit Beginning Balance Credit Debit Beginning Balance Ending Balance Ending Balance Equipment Software Debit Beginning Balance Credit Credit Debit Beginning Balance Endina Balance Frimann w Accounts Payable Credit Debit Beginning Balance Salaries and Wages Payable Debit Credit Beginning Balance Ending Balance Ending Balance Notes Payable (short-term) Debit Beginning Balance Credit Notes Payablo (long-term) Debit Credit Beginning Balance Ending Balance Ending Balance Common Stock Retained Earnings Debit Credit Credit Beginning Balance Debit Beginning Balance Ending Balance Ending Balance