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 Mango's (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September). $ 13,954 11,321 17,595 2,125 24,040 69,035 131, 120 20,776 12,616 $ 233,547 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 $ 30,420 18,591 8,557 6,355 63,923 29, 205 28,064 121,192 1 24,412 87,942 112,355 $ 233,547 Assume that the following transactions in millions) occurred during the next fiscal year (ending on September 29, 2018): a. Borrowed $21,287 from banks due in two years. b. Purchased additional investments for $20,000 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment; paid $9,591 in cash and signed a short-term note for $1,430. d. Issued additional shares of common stock for $1,489 in cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term investments costing $19,028 for $19,028 cash. f. Declared $11,146 in dividends to be paid at the beginning of the next fiscal year. Requirement General Journal General Ledger Trial Balance Balance Sheet Analysis Prepare journal entries for the transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 > Borrowed $21,287 from banks due in two years. Note: Enter debits before credits. Date General Journal Debit Credit Sep 29, 2018 Record entry Clear entry View general journal Requirement General Journal General Ledger Trial Balance Balance Sheet Analysis Prepare journal entries for the transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet rm Purchased additional investments for $20,000 cash; one-fifth were long and the rest were short term. Note: Enter debits before credits. Date General Journal Debit Credit Sep 29, 2018 Record entry Clear entry View general journal Requirement General Journal General Ledger Trial Balance Balance Sheet Analysis Prepare journal entries for the transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Purchased property, plant, and equipment; paid $9,591 in cash and signed a short-term note for $1,430. Note: Enter debits before credits. Date General Journal Debit Credit Sep 29, 2018 Record entry Clear entry View general journal Requirement General Journal General Ledger Trial Balance Balance Sheet Analysis Prepare journal entries for the transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Issued additional shares of common stock for $1,489 in cash; total par value was $1 and the rest was in excess of par value. Note: Enter debits before credits. Date General Journal Debit Credit Sep 29, 2018 Record entry Clear entry View general journal Requirement General Journal General Ledger Trial Balance Balance Sheet Analysis Prepare journal entries for the transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Sold short-term investments costing $19,028 for $19,028 cash. Note: Enter debits before credits. Date General Journal Debit Credit Sep 29, 2018 Record entry Clear entry View general journal Requirement General Journal General Ledger Trial Balance Balance Sheet Analysis Prepare journal entries for the transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Declared $11,146 in dividends to be paid at the beginning of the next fiscal year. Note: Enter debits before credits. Date General Journal Debit Credit Sep 29, 2018 Record entry Clear entry View general journal