Orange Incorporated, headquartered in Cupertino, California, designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories, and sells a variety of related services. The following is Orange's (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September).

ORANGE INCORPORATED
CONSOLIDATED BALANCE SHEET
September 28, 2019
(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 debt	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 par 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 26, 2020):

a.Borrowed $18,304 from banks due in two years.

b.Purchased additional investments for $24,500 cash; one-fifth were long term and the rest were short term.

c.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.

e.Sold short-term investments costing $19,045 for $19,045 cash.

f.Declared $11,163 in dividends to be paid at the beginning of the next fiscal year.

Q:

1. Prepare a journal entry for each transaction

2.. Post each transaction to the appropriate T-accounts.

3.Prepare a trial balance at September 26, 2020.

4.Prepare a classified balance sheet for Orange at September 26, 2020, based on these transactions.