FMG Group, headquartered in Frankfurt, Germany, manufactures several automotive brands. 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 FMG Group; amounts are in millions euros. a. Declared 1,416 in dividends to be paid next month. b. Ordered 2,545 of equipment. c. Paid 679 in dividends declared in prior months. d. Borrowed 5,295 in cash from banks. e. Sold equipment at its cost of 83 for cash. f. Received the equipment ordered in event (b), paying 2,462 in cash and signing a note for the balance. g. Purchased investments for 2,130 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 Record the declaration of 1,416 as dividends to be paid next month. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal