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MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash Short-term investments Accounts receivable Inventories Other current assets Total current

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MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash Short-term investments Accounts receivable Inventories Other current assets Total current assets Long-term investments Property, plant, and equipment, net Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable Accrued expenses Unearned revenue Short-term notes payable Total current liabilities Long-term debt Other noncurrent liabilities Total liabilities Stockholders' equity: Common stock ($0.00001 per value) Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and shareholders' equity $ 14,124 11,457 17,804 2,147 24,287 69,819 132,610 21,012 12,762 $ 236, 203 $ 30,768 18,805 8,659 6,428 64, 660 29,543 28,385 122,588 26,112 87,502 113,615 $ 236, 203 Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 29, 2018): a. Borrowed $18,317 from banks due in two years. b. Purchased additional investments for $25,700 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment; paid $9,623 in cash and signed a short- term note for $1,460. d. Issued additional shares of common stock for $1,520 in cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term investments costing $19,058 for $19,058 cash. f. Declared $11,177 in dividends to be paid at the beginning of the next fiscal year. Required information Required: 1. Prepare a journal entry for each transaction. (If no entry is required for a transaction/event, select "N journal entry required" in the first account field. Enter your answers in millions.) View transaction list Journal entry worksheet 1 3 N 4 5 6 > Record the $18,317 loan from banks due in two years. Note: Enter debits before credits. Transaction General Journal Debit Credit a Journal entry worksheet Record the sale of short-term investments costing $19,058 for $19,058 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit e Journal entry worksheet

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