prepare journal entry for each transaction

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). MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash $ 13,884 Short-term investments 11,265 Accounts receivable 17,509 Inventories 2,116 Other current assets 23,939 Total current assets 68,713 Long-term investments 130,508 Property, plant, and equipment, net 20,679 Other noncurrent assets 12,556 Total assets $ 232,456 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $ 30,277 Accrued expenses 18,503 Unearned revenue 8,515 Short-term notes payable 6,325 Total current liabilities 63,620 Long-term debt 29,866 Other noncurrent liabilities 27,932 Total liabilities 120,618 Stockholders' equity: Common stock (s.60091 per value) 1 Additional paid in capital 23,712 Retained earnings 88,125 Total stockholders' equity 111,838 Total liabilities and shareholders' equity $232,456 Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 29, 2018) Saved Retained earnings Total stockholders' equity Total liabilities and shareholders' equity 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 $21700 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. equired: Prepare a journal entry for each transaction. (If no entry is required for a transaction/event, select "No journal entry required he first account field. Enter your answers in millions.) View transaction list Journal entry worksheet 1 2 3 4 5 6 the $18,274 loan from banks due in two years