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Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 29, 2018): a. Borrowed $18,312 from banks due in
Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 29, 2018): a. Borrowed $18,312 from banks due in two years. b. Purchased additional investments for $25,200 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment; paid $9,618 in cash and signed a short-term note for $1,456. d. Issued additional shares of common stock for $1,515 in cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term investments costing $19,052 for $19,052 cash. 1. Declared $11,172 in dividends to be paid at the beginning of the next fiscal year, P2-5 Part 2 of 4 2. Post each transaction to the appropriate T-accounts (Enter your answers in millions.) Cash Beg. Bal. 14,104 Short-term Investments 11,441 Beg. Bal ook End. Bal End. Bal. rint Accounts Receivable 17.780 Beg. Bal Inventories 2.145 Beg. Bal rences End. Bal End. Bat. Other Current Assets Beg. Bal. 24.265 Long-term Investments 132.450 Beg. Bat. End. Bal. End. Bal Property, Plant, and Equipment 20.986 Bog. Bal. Other Noncurrent Assets 12,746 Beg. Bal. Property, Plant, and Equipment 20,986 Other Noncurrent Assets 12,746 Beg Bal Beg. Bal End. Bal End. Bal Accounts Payable 30,730 Accrued Expenses 18.781 Beg. Bal Beg Bal End. Bal End. Bal Unearned Revenue 8,647 Short-term Notes Payable 6,420 Beg Bal Beg Bal End. Bal End. Bal. Dividends Payable Long-term Debt 29.505 Beg. Bal Beg Bal End. Bal End. Bal MacBook Air * 80 DU DO % # 3 $ 4 & 7 2 5 6 8 9 C W E Y U S D F G . J K K MHE Reader er 2 Homework Saved B Required information End. Bal. End. Bal. of 4 Dividends Payable Bog. Bal. Long-term Debt 29,505 Beg. Bal. ok End. Bal. End. Bal. sk Other Noncurrent Liabilities 28,349 Common Stock Beg. Bal Beg. Bal. rint End. Bal rences End. Bal Additional Paid-in Capital 25,812 Beg. Bal. Retained Earnings 87,672 Beg. Bal. End. Bal. End. Bal
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