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Wolverine World Wide, Inc., manufactures military, work, sport, and casual footwear and leather accessories under a variety of brand names, such as Hush Puppies, Bates,

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Wolverine World Wide, Inc., manufactures military, work, sport, and casual footwear and leather accessories under a variety of brand names, such as Hush Puppies, Bates, to a global market. The following transactions occurred during a recent year. Dollars are in thousands. a. Issued common stock to investors for $14,075 cash (example), b. Purchased $886,418 of additional Inventory on account. c. Borrowed $10,500. d. Sold S1,416,068 of products to customers on account, cost of the products sold was $735,547. e. Paid cash dividends of $21,458. f. Purchased for cash $25,926 in additional property, plant, and equipment. 9. Incurred $345,224 in selling expenses, paying three-fourths in cash and owing the rest on account. h. Earned $1,760 interest on investments, receiving 90 percent in cash. Lincurred $3,050 in interest expense to be paid at the beginning of next year. Required: For each of the transactions, complete the tabulation, indicating the effect (positive value for increase, negative value for decrease, and leave blank If no effect) of ee SE, R-E=NI, and Nf affects SE through Retained Earnings). The first transaction is provided as an example. ("Enter the revenue side and the cost of goods lines in the table. Do not net the effects on Stockholders' Equity or Net Income.) Income Statement Transaction Assets Balance Sheet Liabilities Stockholders Equity 14,075 Revenues Expenses Net Income 14,075 b d. e 1 9 h

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