Nike Inc is one of the world leading atheletic shoes manufacturer. The following activities occurs during the recent year: Purchased additional buildings for $176 and equipment for $270; paid $408 in cash and signed a long-term note for the rest. Issued 120 shares of $2 par value common stock for $345 cash. Declared $145 in dividends to be paid in the following year. Purchased additional short-term investments for $7,616 cash. Several Cannon Sporting Goods investors sold their own stock to other investors on the stock exchange for $86. Sold $4,413 in short-term investments for $4,413 in cash. Prepare journal entries.
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Home » Business » Nike Inc is one of the world leading atheletic shoes manufacturer. The following activities occurs during the recent year: Purchased additional buildings for $176 and equipment for $270; paid $408 in cash and signed a long-term note for the rest.