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Please help me solve this problem. Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 26,2020 ): a.
Please help me solve this problem.
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 $24,500cash; 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. d. 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. 2-5 Part 2 equired: . Post each transaction to the appropriate T-accounts, lote: Enter your answers in millions Step by Step Solution
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