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). ASSETS Current assets: Cash MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) 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 $ 13,974 11,337 17,619 2,127 24,062 69,119 131,280 20,802 12,632 $233,833 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 $ 30,458 18,615 8,569 6,363 64,005 29,243 28,100 121,348 1 24,812 87,672 112,485 $233,833 Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 29, 2018): a. Borrowed $18,291 from banks due in two years. b. Purchased additional investments for $23,400 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment; paid $9,597 in cash and signed a short-term note for $1,435. d. Issued additional shares of common stock for $1,495 in cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term investments costing $19,032 for $19,032 cash. f. Declared $11,151 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.) Journal entry worksheet 1 2 3 4 5 6 Record the $18,291 loan from banks due in two years. Note: Enter debits before credits. Transaction a General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 Record the purchase of additional investments for $23,400 cash with one-fifth being long-term and the balance being short-term. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 456 Record the purchase of property, plant and equipment by paying $9,597 cash and signing a short-term note for $1,435. Note: Enter debits before credits. Transaction C General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 Record the issuance of additional shares for $1,495 cash; total par value was $1 and the rest was in excess of par value. Note: Enter debits before credits. Transaction d General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 1 2 3 4 5 6 Record the sale of short-term investments costing $19,032 for $19,032 cash. Note: Enter debits before credits. Transaction e General Journal Debit Credit View general journal Record entry Clear entry > Journal entry worksheet 1 2 3 4 5 6 Record the declaration of $11,151 in dividends to be paid during beginning of the next fiscal year. Note: Enter debits before credits. Transaction f General Journal Debit Credit Record entry Clear entry View general journal