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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, 2016, trial balance. (The amounts shown represent millions of dollars.)

Accounts Payable$116Accounts Receivable15Cash110Common Stock25Equipment300Inventory146Notes Payable (long-term)160Notes Payable (short-term)3Prepaid Rent27Retained Earnings329Salaries and Wages Payable25Software60

Assume that the following events occurred in the following quarter.

1. Paid $40 cash for additional inventory.
2. Issued additional shares of common stock for $30 in cash.
3. Purchased equipmentfor $140; paid $65 in cash and signed a note to pay the remaining $75 in two years.
4. Signed a short-term note to borrow $12 cash.
5. Conducted negotiations to purchase a sawmill, which is expected to cost $32.

rev: 02_21_2018_QC_CS-119136

1. Analyze transactions(a)-(e)to determine their effects on the accounting equation.(Enter any decreases to account balances with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

Assets

=Liabilities

+Stockholders' Equity