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.

GENERAL JOURNAL

1. record the declaration of 1,521 as dividends to be paid next month

2. recording the ordering of equipment for 2,395

3. record the payment of 678 as dividends declared in prior months

4. record the 5,295 cash loan from bank

5. record the sale of equipment at its cost of 163 for cash

6. record the reciept of equipment purchased for 2,395 and paid for with 2,232 cash and a note for the balance.

7. record the purchase of investments for 2,160 cash

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 1,521 in dividends to be paid next month. b. Ordered 2,395 of equipment. c. Paid 678 in dividends declared in prion d. Borrowed 5,295 in cash from banks. e. Sold equipment at its cost of 163 for cash. f. Received the equipment ordered in event (b), paying 2,232 in cash and signing a note for the prior months. balance. g. Purchased investments for 2,160 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.) View transaction list Journal entry worksheet Record the declaration of 1,521 as dividends to be paid next month. Note: Enter debits before credits. General Journal Debit Credit Record entry Clear entry View general journal