Apple Inc. Statement of Financial Position At September 29, 2018 (in millions of US dollars) ASSETS Current assets Cash and cash equivalents Short-term investments Accounts receivable Inventories Other current assets Non-current assets Long-term investments Property, plant, and equipment Other non-current assets Total assets LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Accounts payable Short-term notes payable $ 25,913 40,388 23,186 3,956 37,896 131,339 170,799 41,304 22,283 234,386 $ 365,725 $ 55,888 20,748 Deferred revenue Other current liabilities Non-current liabilities Long-term debt Other non-current liabilities Shareholders' equity Contributed capital Retained earnings Total liabilities and shareholders' equity 7,543 32,687 116,866 93,735 47,977 141,712 36,747 70,400 107,147 $ 365,725 Assume that the following transactions (in millions) occurred in the next fiscal year (ended on September 28, 2019): Cash borrowed from banks and due in two years. $ 6,266 Cash paid to purchase additional investments 71,000 Portion of the investments that were long-term investments Cash paid to purchase property, plant and equipment Signed short-term note payable to pay for the property, plant and equipment 20% 13,571 5,410 Cash received for issuing shares Cash received for selling investments costing $55,810 Dividends declared and paid to shareholders 469 55,810 13,735 - Question #1 5 marks Choose 2 out of 6 transactions, from the list of transactions on the APPLE Given Data worksheet in rows 41 to 49. Record your 2 selected transactions in APPLE INC. Journal (Part 1) worksheet. Follow the INSTRUCTIONS FOR PREPARING JOURNAL ENTRIES in the above part of the Excel worksheet to record your transactions. If you do more than 2, only the first 2 will be graded. Explanations are required for each transaction. Be sure to use the corresponding letter of the transactions you choose to match the one for the journal entry. le, a) in a) or b) in b)||