Follow the directions and record jounrla entries for each given problem.

Solve all.

Part 3A (Questions 26-31): Assume that the following transactions (in millions) occurred during the year of 2020 for Dell Inc. Prepare journal entries for the transactions below (use appropriate indentation for the debited accounts and credited accounts.) Dell lent $300 to another company, who signed a six-month note Dell purchased additional investments for $13,000 cash; one-fifth were long term and the rest were short term. Dell issued 1,000 additional shares of stock for $4,000 in cash ($0.01 par value). Dell purchased property, plant, and equipment, paid $875 in cash and $1,410 with additional long-term bank loans. Dell sold short-term investments costing $11,000 for $11,000 cash. Dell declared and paid $60 in dividends during 2020. Suppose the beginning balance of the current assets for Dell Inc. (as of 01/01/2020) was 29,448. The beginning balance of the current liabilities (as of 01/01/20) was 22,001. After the considering all transactions that happened during 2020 (i.e. transactions in questions 26-31). (1) What was the ending balance of the current assets for Dell Inc. (as of 12/31/2020)? (2) What was the ending balance of current liabilities for Dell Inc. (as of 12/31/2020) (3) What was the current ratio for Dell Inc. (as of 12/31/2020)? The correct formula for current ratio is worth 1 point