Required information P2-5 (Algo) Recording Transactions, Preparing Journal Entries, Posting to T-Accounts, Preparing the Balance Sheet, and Evaluating the Current Ratio LO2-2, 2-4, 2-5 [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). Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 29, 2018): a. Borrowed $18,289 from banks due in two years. b. Purchased additional investments for $23,200 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment; paid $9,594 in cash and signed a short-term note for $1,433. d. Issued additional shares of common stock for $1,492 in cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term investments costing $19,030 for $19,030 cash. f. Declared $11,148 in dividends to be paid at the beginning of the next fiscal year. P2-5 Part 2 2. Post each transaction to the appropriate T-accounts (Enter your answers in millions.) \begin{tabular}{|l|r|l|l|} \hline \multicolumn{3}{|c|}{ Cash } & \\ \hline Beg. Bal. & 13,964 & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline End. Bal. & 13,964 & & \\ \hline & & & \\ \cline { 1 - 3 } & & & \end{tabular} \begin{tabular}{|l|r|l|l|} \hline \multicolumn{3}{|c|}{ Accounts Receivable } \\ \hline Beg. Bal. & 17,607 & & \\ \hline & & & \\ \hline & & & \\ \hline End. Bal. & 17,607 & & \\ \hline & & & \\ \hline & Other Current Assets \\ \hline Beg. Bal. & 24,051 & & \\ \hline & & & \\ \hline & & & \\ \hline End. Bal. & 24,051 & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \end{tabular} \begin{tabular}{|l|r|l|l|} \hline \multicolumn{3}{|c|}{ Property, Plant, and Equipment } \\ \hline Beg. Bal. & 20,789 & & \\ \hline & & & \\ \hline & & & \\ \hline End. Bal. & 20,789 & & \\ \hline & & & \\ & & & \\ & & & \\ & & \end{tabular} \begin{tabular}{|l|r|r|r|} \hline \multicolumn{3}{|c|}{ Accounts Payable } \\ \hline Beg. Bal. & & 30,439 & \\ \hline & & & \\ \hline & & & \\ \hline End. Bal. & & 30,439 & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|r|r|} \hline \multicolumn{3}{|c|}{ Unearned Revenue } \\ \hline Beg. Bal. & & 8,563 & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & 8,563 & \\ \hline End. Bal. & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Dividends Payable } \\ \hline Beg. Bal. & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline End. Bal. & & 0 & \\ \hline & & & \\ \hline \end{tabular} Long-term Investments \begin{tabular}{|l|r|l|l|} \hline Beg. Bal. & 131,200 & & \\ \hline & & & \\ \hline & & & \\ \hline End. Bal. & 131,200 & & \\ & & & \\ & & & \\ & & \end{tabular} \begin{tabular}{|l|r|r|r|} \hline \multicolumn{3}{|c|}{ Other Noncurrent Assets } \\ \hline Beg. Bal. & 12,624 & & \\ \hline & & & \\ \hline & & & \\ \hline End. Bal. & 12,624 & & \\ \hline & & & \\ \hline & \multicolumn{3}{|c|}{ Accrued Expenses } \\ \hline Beg. Bal. & & 18,603 & \\ \hline & & & \\ \hline & & & \\ \hline End. Bal. & & 18,603 & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|r|r|r|} \hline \multicolumn{3}{|c|}{ Short-term Notes Payable } \\ \hline Beg. Bal. & & 6,359 & \\ \hline & & & \\ \hline & & & \\ \hline & & 6,359 & \\ \hline End. Bal. & & & \\ \hline & & & \\ \hline & & \multicolumn{2}{|c|}{ Long-term Debt } \\ \hline Beg. Bal. & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline End. Bal. & & 29,224 & \\ \hline & & & \\ \hline \end{tabular}