Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 29, 2018):

1. Borrowed $18,279 from banks due in two years.
2. Purchased additional investments for $22,200 cash; one-fifth were long term and the rest were short term.
3. Purchased property, plant, and equipment; paid $9,584 in cash and signed a short-term note for $1,422.
4. Issued additional shares of common stock for $1,481 in cash; total par value was $1 and the rest was in excess of par value.
5. Sold short-term investments costing $19,021 for $19,021 cash.
6. Declared $11,138 in dividends to be paid at the beginning of the next fiscal year.

1. Prepare a journal entry 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.)

2. Post each transaction to the appropriate T-accounts (Enter your answers in millions.)

3. Prepare a trial balance for the period ended September 29, 2018. (Enter your answers in millions.)

4. Prepare a classified balance sheet for Mango at September 29, 2018, based on these transactions. (Enter your answers in millions.)

Required information P2-5 (Algo) Recording Transactions, Preparing Journal Entries, Posting to T-Accounts, Preparing the Balance Sheet, and Evaluating the Current Ratio LO2-2, 2-4, 2-5 [The following information applies to the questions displayed below.) Mango Inc., headquartered in Cupertino, California, designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players and sells a variety of related software and services. The following is Mango's (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September). MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash $ 13,924 Short-term investments 11,297 Accounts receivable 17,559 Inventories 2,122 Other current assets 24,007 Total current assets 68,909 Long-term investments 130,880 Property, plant, and equipment, 20,737 net Other noncurrent assets 12,592 Total assets $ 233,118 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $ 30,363 Accrued expenses 18,555 Unearned revenue 8,539 Short-term notes payable 6,343 Total current liabilities 63,800 Long-term debt 29,148 Other noncurrent liabilities 28,010 Total liabilities 120,958 Stockholders' equity: Common stock ($0.00001 per 1 value) Additional paid-in capital 23,912 Retained earnings 88,247 Total stockholders' equity 112,160 Total liabilities and $233,118 shareholders' equity