P2.5 (Algo) Recording Transactions, Preparing Journal Entries, Posting to T-Accounts, Preparing the Balance Sheet, and Evaluating the Current Ratio LO2-2, 2-4, 25 [The following information applies to the questions displayed below.] 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). Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 29, 2018): a. Borrowed $18,274 from banks due in two years. b. Purchased additional investments for $21,700 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment; paid $9,578 in cash and signed a short-term note for $1,418. d. Issued additional shares of common stock for $1,476 in cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term investments costing $19,016 for $19,016 cash. f. Declared $11,133 in dividends to be paid at the beginning of the next fiscal year. \begin{tabular}{|l|r|r|r|} \hline Short-term notes payable & & & 6,325 \\ \hline Dividends payable & & & 11,133 \\ \hline Long-term debt & & & 47,340 \\ \hline Other noncurrent liabilities & & & 27,932 \\ \hline Common stock & & & 2 \\ \hline Additional paid-in capital & & & 25,187( \\ \hline Retained earnings & & & 88,125 \\ \hline \multicolumn{1}{l|}{ Totals } & $253,624 & $263,339 \\ \hline \end{tabular}