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Required information [The following information applies to the questions displayed below.] Orange Incorporated, headquartered in Cupertino, California, designs, manufactures, and markets smartphones, personal computers, tablets,

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Required information [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). Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 26,2020 ): a. Borrowed $18,271 from banks due in two years. b. Purchased additional investments for $21,400 cash; one-fifth were long term and the rest were short term. c. Purchased property. plant, and equipment; paid $9,575 in cash and signed a short-term note for $1,415. d. Issued additional shares of common stock for $1,474 in cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term investments costing $19.013 for $19,013 cash. f. Declared $11,131 in dividends to be paid at the beginning of the next fiscal year. Required information (1) Required information \begin{tabular}{|l|r|r|r|} \hline \multicolumn{3}{|c|}{ Property, Plant, and Equipment } \\ \hline \multicolumn{1}{|c|}{ Deblt } & & \multicolumn{1}{c|}{ Credit } \\ \hline Beginning Batance & 20,666 & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending Balance & 20,666 & & \\ \hline \end{tabular} Accrued Expenses \begin{tabular}{|l|r|r|r|} \hline \multicolumn{3}{|c|}{ Accounts Payable } \\ \hline \multicolumn{2}{|c|}{ Debit } & \multicolumn{2}{|c|}{ Credit } \\ \hline Beginning Balance & & 30,258 & \\ \hline & & & \\ \hline & & & \\ \hline Ending Balance & & 30,258 & \\ \hline & & \\ \hline \end{tabular} Unearned Revenue Short-term Debt Required information

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