Business, 24.01.2020 22:31 ultimatesaiyan

Cannon sporting goods 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 $174 and equipment for $260; paid $404 in cash and signed a long-term note for the rest.

b. issued 90 shares of $2 par value common stock for $340 cash.

c. declared $145 in dividends to be paid in the following year

d. purchased additional short-term investments for $7,716 cash.

e. several cannon sporting goods investors sold their own stock to other investors on the stock exchange for $90.

f. sold $4,313 in short-term investments for $4,313 in cash.

required:

for each of the events (a) through (a. perform transaction analysis and indicate the account, amount, and direction of the effect (+ for increase and for decrease) on the accounting equation.

check that the accounting equation remains in balance after each transaction. (if no impact on the accounting equation leave cells blank

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