post each transaction to the appropriate T account
Required information [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). $ 13,884 11,265 17,509 2,116 23,939 68,713 130, 508 20,679 12,556 $ 232,456 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 (Se.eeeei per value) Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and shareholders' equity $ 30,277 18,503 8,515 6,325 63,620 29,666 27,932 120,618 1 23,712 88,125 111,838 $232,456 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. 1. Declared $11,133 in dividends to be paid at the beginning of the next fiscal year. 2. Post each transaction to the appropriate T-accounts (Enter your answers in millions.) Cash Short-term Investments 11,265 13,884 Bog. Bal. Beg Bal (a) End. Bal. 11,265 End. Bal 13,884 Accounts Receivable 17,509 Inventories 2,116 Beg Bal Beg Bal 2,116 End. Bal. 17.509 End. Bal. Other Current Assets Long-term Investments 130,508 Beg. Bal. 23,939 Beg. Bal of 9 Required information Other Noncurrent Assets Property, Plant, and Equipment 20,679 Beg. Bal. 12,556 Beg. Bal. (c) End. Bal. 20,679 End. Bal. 12,556 Accounts Payable 30.277 Accrued Expenses 18,503 Beg. Bal. Beg. Bal. End. Bal. 30,277 End. Bal. 18,503 Unearned Revenue Beg. Bal. Short-term Notes Payable 6,325 8,515 Beg. Bal. End. Bal. 8,515 End. Bal. 6,325 Dividends Payable Beg. Bal. Long-term Debt 29,066 Beg. Bal. End. Bal. 0 End. Bal. 29,066 Other Noncurrent Liabilities Common Stock