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Requlred Informetion [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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Requlred Informetion [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 $18,312 from banks due in two years. b. Purchased additional investments for $25,200 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment, paid $9,618 in cash and signed a short-term note for $1,456. d. Issued additional shares of common stock for $1,515 in cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term investments costing $19,052 for $19,052 cash. f. Declared $11,172 in dividends to be paid at the beginning of the next fiscal year. Required: 1. Prepare a journal entry for each transaction. Note: If no entry Is requlred for a trensectlonjevent, select "No journal entry requlred" In the first account fleid. Enter your answer Journal entry worksheet 6 Record the $18,312 loan from banks due in two years. Note: Enter debits before credits. Record the purchase of additional investments for $25,200 cash with one-fifth being long-term and the balance being short-term. Note: Enter debits before credits. Record the purchase of property, plant, and equipment by paying $9,618 cash and signing a short-term note for $1,456. Note: Enter debits before credits. Record the issuance of additional shares for $1,515 cash; total par value was $1 and the rest was in excess of par value. Note: Enter debits before credits. Record the sale of short-term investments costing $19,052 for $19,052 cash. Note: Enter debits before credits. Record the declaration of $11,172 in dividends to be paid at the beginning of the next fiscal year. Note: Enter debits before credits

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