Required information [The following information applies to the questions displayed below 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 132 30 148 30 375 176 235 Equipment Inventory Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Retained Earnings Salaries and Wages Payable Software 32 389 40 75 Assume that the following events occurred in the following quarter a. Paid $35 cash for additional inventory b. Issued additional shares of common stock for $15 in cash. c 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 $15 cash e. Conducted negotiations to purchase a sawmill, which is expected to cost $38 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 Accounts Receivable Cash Beg. Bal Beg. Bal. End. Bal End. Bal. 0 Required information Prepaid Rent nventory Beg. Bal Beg. Bal End. Bal End. Bal Software Equipment Beg. Bal Beg. Bal End. Bal. End. Bal. Salaries and Wages Payable Accounts Payable Beg. Bal Beg. Bal Notes Payable (short-term) Notes Payable (long-term) Beg. Bal Beg. Bal End. Bal End. Ba Common Stock Retained Earnings Beg. Bal Beg. Bal End. Bal End. Bal