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help on trial balance Orange Incorporated, headquartered in Cupertino, Callfornla, designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessorles, and sells a varlety

help on trial balance

image text in transcribedimage text in transcribed Orange Incorporated, headquartered in Cupertino, Callfornla, designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessorles, and sells a varlety of related services. The following is Orange's (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September). Assume that the following transactions (In millions) occurred during the next fiscal year (ending on September 26, 2020): a. Borrowed $18,281 from banks due in two years. b. Purchased additional Investments for $22,400cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment; paid $9,586 in cash and signed a short-term note for $1,425. d. Issued additional shares of common stock for $1,484 In cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term Investments costing $19,023 for $19,023 cash. f. Declared $11,140 in dividends to be paid at the beginning of the next fiscal year

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