MANGO INC CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets Cash $ 14,054 Short term investments 11,401 Accounts receivable 17,718 Inventories 2,138 Other current assets 24,186 Total current assets 69,497 Long term investments 131,998 Property, plant, and equipment, net 20,915 Other noncurrent assets 12,702 Total assets $ 235,112 LIABILITIES AND STOCKHOLDERS EQUITY Current Liabilities Accounts payable $ 30,625 Accrued expenses 18,717 Unearned revenue 8,617 Short term notes payable 6,398 Total current liabilities 64,357 Long term debt 29,404 Other noncurrent liabilities 28,253 Total liabilities 122,014 Stockholders equity Common stock ($0 00001 per value) 1 Additional paid in capital 25,512 Retained earnings 87,585 Total stockholders equity 113,098 Total liabilities and shareholders' equity $ 235,112 Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 29, 2018) Borrowed $18,304 from banks due in two years Purchased additional investments for $24,500 cash one fifth were long term and the rest were short term Purchased property, plant, and equipment paid $9,610 in cash and signed a short term note for $1,448 Issued additional shares of common stock for $1,507 in cash total par value was $1 and the rest was in excess of par value Sold short term investments costing $19,045 for $19,045 cash Declared $11,163 in dividends to be paid at the beginning of the next fiscal year 2 Post each transaction to the appropriate T accounts (Enter your answers in millions ) Cash 14,054 Short term Investments Beg Bal 11,401 Beg Bal End Bal 11,401 End Bal 14,054 Accounts Receivable Beg Bal 17,718 Inventories 2,138 Beg Bal End Bal 17 718 End Bal 2,138 Other Current Assets Beg Bal 24,186 Long term Investments Beg Bal 131,998 End Bal 24,186 End Bal 131,998 Property, Plant, and Equipment Beg Bal 20,915 Other Noncurrent Assets Beg Bal 12,702 End Bal 20,9151 End Bal 12,702 Accounts Payable 30,625 Accrued Expenses 18,717 Beg Bal Beg Bal End Bal 30,625 End Bal 18,717 Unearned Revenue 8,617 Short term Notes Payable Beg Bal 6,398 Beg Bal End Bal 8,617) End Bal 6,398 Dividends Payable Long term Debt 29,404 Beg Bal Beg Bal End Bal End Bal 29,404 Common Stock Other Noncurrent Liabilities Beg Bal 28,253 Beg Bal End Bal 28,253 End Bal AQ Additional Paid in Capital Beg Bal 25,512 Retained Earnings 87,585 Beg Bal End Bal 25,512 End Bal 87,585

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MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash $ 14,054 Short-term investments 11,401 Accounts receivable 17,718 Inventories 2,138

MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions)
ASSETS
Current assets:
Cash	$	14,054
Short-term investments		11,401
Accounts receivable		17,718
Inventories		2,138
Other current assets		24,186
Total current assets		69,497
Long-term investments		131,998
Property, plant, and equipment, net		20,915
Other noncurrent assets		12,702
Total assets	$	235,112
LIABILITIES AND STOCKHOLDERS EQUITY
Current Liabilities:
Accounts payable	$	30,625
Accrued expenses		18,717
Unearned revenue		8,617
Short-term notes payable		6,398
Total current liabilities		64,357
Long-term debt		29,404
Other noncurrent liabilities		28,253
Total liabilities		122,014
Stockholders equity:
Common stock ($0.00001 per value)		1
Additional paid-in capital		25,512
Retained earnings		87,585
Total stockholders equity		113,098
Total liabilities and shareholders' equity	$	235,112

Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 29, 2018):

Borrowed $18,304 from banks due in two years.
Purchased additional investments for $24,500 cash; one-fifth were long term and the rest were short term.
Purchased property, plant, and equipment; paid $9,610 in cash and signed a short-term note for $1,448.
Issued additional shares of common stock for $1,507 in cash; total par value was $1 and the rest was in excess of par value.
Sold short-term investments costing $19,045 for $19,045 cash.
Declared $11,163 in dividends to be paid at the beginning of the next fiscal year.

2. Post each transaction to the appropriate T-accounts (Enter your answers in millions.)

Cash 14,054 Short-term Investments Beg. Bal. 11,401 Beg. Bal. End. Bal. 11,401 End. Bal. 14,054 Accounts Receivable Beg. Bal. 17,718| Inventories 2,138 Beg. Bal. End. Bal. 17.718 End. Bal. 2,138|| Other Current Assets Beg. Bal. 24,186| Long-term Investments Beg. Bal. 131,998 End. Bal. 24,186| End. Bal. 131,998 Property, Plant, and Equipment Beg. Bal. 20,915|| Other Noncurrent Assets Beg. Bal. 12,702 End. Bal. 20,9151 End. Bal. 12,702| Accounts Payable 30,625 Accrued Expenses 18,717 Beg. Bal. Beg. Bal. End. Bal. 30,625 End. Bal. 18,717 Unearned Revenue 8,617 Short-term Notes Payable Beg. Bal. 6,398 Beg. Bal. End. Bal. 8,617) End. Bal. 6,398 Dividends Payable Long-term Debt 29,404 Beg. Bal. Beg. Bal. End. Bal. End. Bal. 29,404 Common Stock Other Noncurrent Liabilities Beg. Bal. 28,253 Beg. Bal. End. Bal. 28,253 End. Bal. AQ Additional Paid-in Capital Beg. Bal. 25,512 Retained Earnings 87,585 Beg. Bal. End. Bal. 25,512 End. Bal. 87,585