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I need assitance with figuring the the value for retained earnings begin{tabular}{|c|c|c|} hline multicolumn{3}{|c|}{ Answer is not complete. } hline multicolumn{3}{|l|}{ ORANGE INCORPORATED }
I need assitance with figuring the the value for retained earnings
\begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Answer is not complete. } \\ \hline \multicolumn{3}{|l|}{ ORANGE INCORPORATED } \\ \hline \multicolumn{3}{|l|}{ Trial Balance } \\ \hline \multicolumn{3}{|l|}{ At September 26, 2020} \\ \hline \multicolumn{3}{|l|}{ (in millions) } \\ \hline & Debit & Credit \\ \hline Cash & $18,165 & \\ \hline Short-term investments & 12,549 & \\ \hline Accounts receivable & 17,780 & \\ \hline Inventories & 2,145 & \\ \hline Other current assets & 24,265 & \\ \hline Long-term investments & 137,490 & \\ \hline Property, plant, and equipment, net & 32,060 & \\ \hline Other noncurrent assets & 12,746 & \\ \hline Accounts payable & & 30,730 \\ \hline Accrued expenses & & 18,781 \\ \hline Unearned revenue & & 8,647 \\ \hline Short-term debt & & 7,876 \\ \hline Long-term debt & & 47,817 \\ \hline Other noncurrent liabilities & & 28,349 \\ \hline Common stock & & 2 \\ \hline Additional paid-in-capital & & 27,326 \\ \hline Retained earnings & & 1,038 \\ \hline \end{tabular} Answer is not complete. P2-5 (Algo) Recording Transactions, Preparing Journal Entries, Posting to T-Accounts, Preparing the Balance Sheet, and Evaluating the Current Ratio LO2-2, 2-4, 2-5 [The following information applies to the questions displayed below.] Orange Incorporated, headquartered in Cupertino, California, designs, manufactures, and markets smartphones, persona computers, tablets, wearables, and accessories, and sells a variety 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 $18,312 from banks due in two years. b. Purchased additional investments for $25,200 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment; paid $9,618 in cash and signed a short-term note for $1,456. d. Issued additional shares of common stock for $1,515 in cash; total par value was $1 and the rest was in excess of par vale e. Sold short-term investments costing $19,052 for $19,052 cash. f. Declared $11,172 in dividends to be paid at the beginning of the next fiscal year. P2-5 Part 3 Required: 3. Prepare a trial balance at September 26, 2020. Note: Enter your answers in millionsStep by Step Solution
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