Mango Inc., headquartered in Cupertino, California, designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players and sells a variety of related software and services. The following is Mangos (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 29, 2018):

1. Borrowed $18,302 from banks due in two years.
2. Purchased additional investments for $24,300 cash; one-fifth were long term and the rest were short term.
3. Purchased property, plant, and equipment; paid $9,608 in cash and signed a short-term note for $1,445.
4. Issued additional shares of common stock for $1,505 in cash; total par value was $1 and the rest was in excess of par value.
5. Sold short-term investments costing $19,043 for $19,043 cash.
6. Declared $11,160 in dividends to be paid at the beginning of the next fiscal year.

Required:

1. Prepare a journal entry for each transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions.)

MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash $ 14,034 Short-term 11,385 investments Accounts 17,693 receivable Inventories 2,135 Other current 24,152 assets Total current 69,399 assets Long-term 131,812 investments Property, plant, 20,886 and equipment, net Other noncurrent 12,684 assets Total assets $ 234, 781 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $ 30,582 Accrued expenses 18,691 Unearned revenue 8,605 Short-term notes 6,389 payable Total current 64,267 liabilities Long-term debt 29,363 Other noncurrent 28,214 liabilities Total liabilities 121,844 Stockholders' equity: Common stock ($ 0.00001 per 1 value) Additional paid- 25, 412 in capital Retained earnings 87,524 Total stockholders' 112,937 equity Total liabilities and shareholders' $ 234,781 equity Journal entry worksheet