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Help with Journal Entry: Whats the additional Paid in capital? ORANGE INCORPORATED CONSOLIDATED BALANCE SHEET September 28, 2019 (dollars in millions) ASSETS Current assets: Cash
Help with Journal Entry: Whats the additional Paid in capital?
ORANGE INCORPORATED CONSOLIDATED BALANCE SHEET September 28, 2019 (dollars in millions) ASSETS Current assets: Cash $14,024 Short-term investments 11,377 Accounts receivable 17,681 Inventories 2,134 Other current assets Total current assets 69,35724,141 Long-term investments 131,732 Property, plant, and equipment, net 20,873 Other noncurrent assets 12,676$234,638 Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $30,563 Accrued expenses Unearned revenue 18,679 Short-term debt Total current liabilities 8,599 Long-term debt Other noncurrent liabilities Total liabilities 64,2266,385 Stockholders' equity: Common stock ( $0.00001 par value) 29,344 Additional paid-in capital 121,76628,196 Retained earnings Total stockholders' equity Total liabilities and shareholders' equity 125,21287,659112,872$234,638 Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 26, 2020): Journal entry worksheet Record the issuance of additional shares for $1,503 cash; total par value was $1 and the rest was in excess of par value. Note: Enter debits before creditsStep by Step Solution
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