Question
Alphabet Incorporated is the parent company for a collection of businessesthe largest of which is Google. The following activities were adapted from a recent annual
Alphabet Incorporated is the parent company for a collection of businessesthe largest of which is Google. The following activities were adapted from a recent annual report of Alphabet Incorporated Dollars are in millions; shares are as shown.
Issued 9,000 shares of $0.001 par value stock for $201.
Ordered $2,275 of equipment.
Collected $1,420 cash on a note receivable.
Borrowed $4,885 from banks, signing long-term notes.
Sold short-term investments at their cost of $73.
Received equipment ordered in (b); paid cash.
Repurchased its common stock for $4,815 cash.
Repaid $4,375 cash on bank borrowings (ignore interest).
Required:
Prepare journal entries for each transaction.
Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions of euros.
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