Required information

P$2-5($Algo$)$ Recording Transactions, Preparing Journal Entries, Posting to T$-$Accounts, Preparing the Balance Sheet, and Evaluating the Current Ratio LO$2-2,2-4,2-5$

$[$The following information applies to the questions displayed below.$]$

Orange Incorporated, headquartered in Cupertino, California, designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories, and sells a variety of related services. The following is Orange's $($simplified$)$ balance sheet from a recent year $($fiscal year ending on the last Saturday of September$).$

$\backslash$table$[[\backslash$table$[[$ORANGE INCORPORATED$],[$CONSOLIDATED BALANCE SHEET$],[$September $28,2019],[($dollars in millions$)]],],[($aotars in millions$)],[$Current assets:$],[$Cash$,$$$14,034],[$Short$-$term investments,$11,385],[$Accounts receivable,$17,693],[$Inventories$,2,135],[$other current assets,$24,152],[$Total current assets,$69,399],[$Long$-$term investments,$131,812],[$Property$,$ plant, and equipment, net,$20,886],[$other noncurrent assets,$12,684],[$Total assets,$$234,781],[\{$

$\backslash$table$[[$LIABILITIES AND STOCKHOLDERS' EQUITY$],[$Current Liabilities:$]]\}],[],[$Accounts payable,$$30,582],[$Accrued expenses,$18,691],[$Unearned revenue,$8,605],[$Short$-$term debt,$6,389],[$Total current liabilities,$64,267],[$Long$-$term debt,$29,363],[$other noncurrent liabilities,$28,214],[$Total liabilities,$121,844],[$Stockholders$\text{'}$ equity:$],[$Common stock $($ $$0\mathrm{.}00001$ par value$),1],[$Additional paid$-$in capital,$25,412],[$Retained earnings,$87,524],[$Total stockholders' equity,$112,937],[$Total liabilities and shareholders' equity,$$234,781]]$

Assume that the following transactions $($in millions$)$ occurred during the next fiscal year $($ending on September $26,2020)$:

a$.$ Borrowed $$18,302$ from banks due in two years.

b$.$ Purchased additional investments for $$24,300$ cash; one$-$fifth were long term and the rest were short term.

c$.$ Purchased property, plant, and equipment; paid $$9,608$ in cash and signed a short$-$term note for $$1,445.$

d$.$ Issued additional shares of common stock for $$1,505$ in cash; total par value was $$1$ and the rest was in excess of par value.

e$.$ Sold short$-$term investments costing $$19,043$ for $$19,043$ cash.

f$.$ Declared $$11,160$ in dividends to be paid at the beginning of the next fiscal year.