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. 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 $ 120 28 136 26 365 172 225 4 28 381 38 65 Assume that the following events occurred in the following quarter. a. Paid $60 cash for additional inventory. b. Issued additional shares of common stock for $25 in cash. c. Purchased equipment for $190; paid $90 in cash and signed a note to pay the remaining $100 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 $34. 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. Cash Accounts Receivable Beg. Bal. Beg. Bal. End. Bal. End. Bal. Inventory Prepaid Rent Beg. Bal. Beg. Bal. End. Bal. End. Bal. Equipment Software Beg. Bal. Beg. Bal. End. Bal. End. Bal. Accounts Payable Salaries and Wages Payable Beg. Bal. Beg. Bal. End. Bal. End. Bal. Notes Payable (short-term) Notes Payable (long-term) Beg. Bal. Beg. Bal. End. Bal. End. Bal. Common Stock Retained Earnings Beg. Bal. Beg. Bal. End. Bal. End. Bal