tpx Madison Shoes manufactures athletic shoes and sports apparel. The following activities occurred during recent year. The amounts are presented in millions of dollars a. Purchased $254 in equipment, paid by signing a $4 long-term note and fulfilling the rest with cash b. Issued $38 in additional common stock for cash contributions made by stockholders c. Several Madison Shoes investors sold their own stock to other investors on the stock exchange for $190 per share of stock Required: 1. For each of the events above, prepare journal entries (f no entry is required for a transaction/event, select "No Journal Entry Required in the first account field. Enter your answers in millions (ie. 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet Purchased $254 in equipment; paid by signing a $4 long-term note and fulfilling the rest with cash. Record the transaction. Note: Enter debits before credits General Journal Debit//Credit Record entry Clear entry View general journal O Type here to search