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Problem (38 points) Exon Mobil Exxon Mobil Corporation describes itself saying: "We operate or market products in the United States and most other countries of the world. Our principal business involves exploration for and production crude oil and natural gas, manufacture, trade, transport and sale of crude oil, natural gas, petroleum products, petrochemicals and a wide variety of specialty products, and pursuit of lower. emission business opportunities including carbon capture and storage, hydrogen and biofuels. Affiliates of ExcxonMobil conduct extensive research programs in support of these businesses." Below you will see SOME (not all!) of Exxon Mobil transactions in their most recent fiscal year. Provide the journal entry or entries (accounts and amounts) needed to record each transaction, a) Paid $35,221 million cash for accounts payable due to suppliers. Account Title Debit Credit b) Collected $302,202 million cash from customers related to prior credit sales. Account Title Debit Credit c) Paid $36,035 million cash for current period wages expense. Account Title Debit Credit d) Purchased $14,519 million worth of inventory on account. Account Title Debit Credit c) Purchased new equipment costing $12,076 million on account. Account Title Debit Credit f) Had S285,640 million in credit sales to customers. Account Title Debit Credit 2 2) Paid $218,371 million cash for current period operating expenses. Account Title Debit Credit h) Borrowed $12,687 million cash from a bank by signing a short-term note payable with the bank. Debit Credit Account Title i) Declared and paid cash dividends of $15,148 million. Debit Credit Account Title 1) Paid $7,636 million cash for income tax expense for current period. Account Title Debit Credit k) Based on the journal entries you have prepared, calculate Exxon Mobil's Net Income!(Net Loss), SHOW YOUR WORK. Exxon Mobil's Net I Income (Net Loss) 1) At the beginning of the period, Exxon Mobil had a Cash balance of 54,364 million. Use this beginning balance and your journal entries to show what Exxon Mobil's Cash T account would look like for the most recent period and calculate Exxon Mobil's ending Cash balance. SHOW YOUR WORK. Cash Exxon Mobil's Ending Cash Balance ERO Fnalish (United States) Focus