BMW Group, headquartered in Munich, Germany, manufactures several automotive brands including BMW Group, MINI, and Rolls-Royce. Financial information is reported in the euro () 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 BMW Group; amounts are in millions of euros. a. Declared 1,473 in dividends to be paid next month. b. Ordered 2,325 of equipment. c. Paid 747 in dividends declared in prior months. d. Borrowed 4,765 in cash from banks. e. Sold equipment at its cost of 109 for cash. f. Received the equipment ordered in event (b), paying 2,216 in cash and signing a note for the balance. g. Purchased investments for 2,250 cash. Required: Prepare journal entries for each transaction. (If no entry View transaction list Journal entry worksheet < 1 2 Transaction 3 Note: Enter debits before credits. Record entry 5 Record the declaration of 1,473 as dividends to be paid next month. General Journal 6 Clear entry required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers 7 Debit Credit View general journal > millions of euros.) 1 Record the declaration of 1,473 as dividends to be paid next month. 2 Record the ordering of equipment for 2,325. 3 Record the payment of 747 as dividends declared in prior months. 4 Record the 4,765 cash loan from bank. 5 Record the sale of equipment at its cost of 109 for cash. 6 Record the receipt of equipment purchased for 2,325 and paid for with 2,216 cash and a note for the balance. Note -journal entry has been entered X ... 2 Record the ordering of equipment for 2,325. 3 Record the payment of 747 as dividends declared in prior months. 4 5 next month. 6 7 Record the 4,765 cash loan from bank. Record the sale of equipment at its cost of 109 for cash. Record the receipt of equipment purchased for 2,325 and paid for with 2,216 cash and a note for the balance. Record the purchase of investments for 2,250 cash. Note : = journal entry has been entered X