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Business, 26.02.2020 04:36 PastyMexican24

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. Purchased additional buildings for $182 and equipment for $280; paid $404 in cash and signed a long-term note for the rest. Issued 120 shares of $2 par value common stock for $350 cash. Declared $145 in dividends to be paid in the following year. Purchased additional short-term investments for $7,816 cash. Several Cannon Sporting Goods investors sold their own stock to other investors on the stock exchange for $92. Sold $4,213 in short-term investments for $4,213 in cash. Journal entry

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