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$2-2,2-4,2-5$

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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$)]],],[$ASSETS$],[\backslash$table$[[$Current assets:$],[$Cash$]],$$$13,964$