Please complete the balance sheet
P2-5 (Algo) Recording Transactions, Preparing Journal Entrles, Posting to T-Accounts, Preparing the Balance Sheet, and Evaluating the Current Ratio LO2-2, 2-4, 2-5 (GL) 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). $ 13,864 11,249 ,485 2,114 23,917 68,629 130,348 20,653 12,540 $ 232,170 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 ($9.68801 per value) Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and shareholders' equity $ 30,239 18,479 8,503 6,317 63,538 29,028 27,896 120,462 1 23,512 88,195 111, 708 $ 232,170 Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 29, 2018): a. Borrowed $21.268 from banks due in two years. b. Purchased additional investments for $18,200 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment: paid $9.573 in cash and signed a short-term note for $1,413. d. Issued additional shares of common stock for $1.472 in cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term investments costing $19.010 for $19.010 cash. f. Declared $11,129 in dividends to be paid at the beginning of the next fiscal year. Requirement General Journal General Ledger Trial Balance Balance Sheet Analysis Use the drop-downs below to select the accounts that should be properly included on the balance sheet. MANGO, INC. Balance Sheet At September 29, 2018 (in millions) Assets Requirement General Journal General Ledger Trial Balance Balance Sheet Analysis Use the drop-downs below to select the accounts that should be properly included on the balance sheet. MANGO, INC. Balance Sheet At September 29, 2018 (in millions) Assets Current assets: 100: Cash 120: Accounts receivable 121: Allowance for doubtful accounts 125: Note receivable 130: Inventories 125. Deansid ANDARCAL S Total assets Liabilities and Stockholders' Equity Current Liabilities: Total current liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity 100: Cash 120: Accounts receivable 121: Allowance for doubtful accounts 125: Note receivable 130: Inventories 135: Prepaid expenses 136: Short-term investments : 137: Other current assets 138: Long-term investments 140: Leasehold improvements 180: Land 191: Goodwill 192: Trademark 193: Copyright 194: Technology 195: Patent 196: Software 197: Other intangibles (net of accumulated amortization) 198: Other noncurrent assets 200: Accounts payable 201: Income taxes payable 205: Accrued expenses 206: Unearned revenue 210: Dividends payable 211: Short-term notes payable 220: Long-term debt 230: Other noncurrent liabilities 310: Common stock 320: Additional paid-in-capital 330: Retained earnings 400: Sales revenue 410: Gain on sale of equipment 500: Cost of sales 505: Advertising expense 510: Amortization expense 515: Bad debt expense 520: Credit card discount 525: Depreciation expense 530: Income tax expense 535: Interest expense 535: Interest expense 540: Loss on sale of equipment 545: Repair and maintenance expense 550: Utilities expense 555: Wages expense
