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(The following information applies to the questions displayed below. Trisha's Allen Interiors Incorporated is a leading manufacturer and retailer of home furnishings in the United

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(The following information applies to the questions displayed below. Trisha's Allen Interiors Incorporated is a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from Trisha's Allen's June 30, 2019, trial balance. (The amounts shown represent millions of dollars.) $ 140 20 120 35 325 156 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 185 4 37 349 30 85 Assume that the following events occurred in the following quarter. a. Paid $20 cash for additional inventory. b. Issued additional shares of common sto for $15 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 $11 cash. e. Conducted negotiations to purchase a sawmill, which is expected to cost $42. ummarize the journal entry effects from part 3 using T-accounts. Use the June 30, 2019, ending balances as the beginning blances for the lul Contember 2019 quarter (Enter your answers in millionelia 10 on nn chould he antaradac 1011 a. Paid $20 cash for additional inventory. b. Issued additional shares of common stock for $15 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 $11 cash. e. Conducted negotiations to purchase a sawmill, which is expected to cost $42. . Record the transaction effects determined in part 2 using journal entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 1 a Inventory 20

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