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Victoria, Inc., is one of the world's leading manufacturers of athletic shoes and sports apparel. The following activities occurred during a recent year. The amounts
Victoria, Inc., is one of the world's leading manufacturers of athletic shoes and sports apparel. The following activities occurred during a recent year. The amounts are rounded to millions, except for par value. a. Purchased additional buildings for $166 and equipment for $260; paid $402 in cash and signed a long-term note for the rest. b. Issued 90 shares of $2 par value common stock for $345 cash. c. Declared $135 in dividends to be paid in the following year. d. Purchased additional short-term investments for $7,716 cash. e. Several Victoria, Inc., investors sold their own stock to other investors on the stock exchange for $86. f. Sold $4,213 in short-term investments for $4,213 in cash. Required: Prepare journal entries for the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions.) View transaction list Journal entry worksheet 2 3 4 5 6 Record the purchase of additional buildings for $166 and equipment for $260 paid with $402 cash and a long-term note for the rest. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
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