Required information [The following information applies to the questions displayed belowj 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 Accounts Receivable Cash Common Stock Equipment Inventory Notes Payable (long-term) Notes Payable(short-term) Prepaid Rent Retained Earnings Salaries and Wages Payable Software $ 152 124 39 335 160 195 41 357 32 95 Assume that the following events occurred in the following quarter. a. Paid $30 cash for additional inventory b. Issued additional shares of common stock for $25 in cash. Purchased equipment for $210; paid $100 in cash and signed a note to pay the remaining $110 in two years d Signed a short-term note to borrow $13 cash. e. Conducted negotiations to purchase a sawmill, which is expected to cost $46 4. Summarize the journal entry effects from part 3 using T-accounts. Use the September 30, 2016, ending balances as the beginning balances for the October-December 2016 quarter. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Answer is not complete Cash Accounts Receivable 124 25 13 37 Beg. Bal 30 Beg. Bal End. Bal End. Bal Inventory 160 30 Prepaid Rent Beg. Bal Beg. Bal End. Bal 190 End. Bal Equipment 335 100 110 545 Software Beg. Bal C. C. End. Bal Beg. Bal 95 End. Bal 95 Accounts Payable Salaries and Wages Payable Beg. Bal 152 Beg. Bal 32 End. Bal 152 End. Bal 32 Notes Payable (short-term) Notes Payable (long-term) Beg. Bal Beg. Bal 195 13 C. 110 End. Bal 15 End. Bal 305 Common Stock Retained Earnings Beg. Bal 39 25 Beg. Bal 357 End. Bal 64 End. Bal 357