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apter 2 Homework 5 Seved Help Save & Exit Submit Check my work 6 look Hin Pont erences FMG Group, headquartered in Frankfurt, Germany,
apter 2 Homework 5 Seved Help Save & Exit Submit Check my work 6 look Hin Pont erences FMG Group, headquartered in Frankfurt, Germany, manufactures several automotive brands. Financial information is reported in the euro (E) monetary unit using International Financial Reporting Standards (IFRS) as applicable to the European Union. The following activities were adapted from the annual report of the FMG Group; amounts are in millions of euros. a. Declared 1,412 in dividends to be paid next month. b. Ordered 2,525 of equipment. c. Paid 636 in dividends declared in prior months d. Borrowed 5,175 in cash from banks. e. Sold equipment at its cost of 135 for cash. f. Received the equipment ordered in event (b). paying 2,390 in cash and signing a note for the balance. g. Purchased investments for 2,270 cash. Required: Prepare journal entries for each transaction. (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.). View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 Record the declaration of C1,412 as dividends to be paid next month.
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