Starfhuit Inc,heedquartered in Rdgway, Colorado, designs, manufactures, and markets mobde communcation and mecia devices, personal computers, and portable digital music players and sells a variety of seted services. The tolowing is Starthurs pumplihed bellance s sheet from a recont year (fiscal year ending on the last Saturday of Septomber) STARFRUT INC s 14,004 Long tem ineessments Property,plant and IAITES AND STOCKHOLDERS E s 30 520 18 653 Shotsem sotes payable 29.303 Long term deb 25112 Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 26, 2015) a. Borrowed $18,296 from banks due in two years b. Purchased additional investments for $23,800 cash, one-fifth were long term and the rest were short term. C. Purchased property, plant, and equipment, paid $9,603 in cash and signed a short-term note for $1,440 d. Issued additional shares of common stock for $1,500 in cash, total par value wos $1 and the rest was in excess of par value e. Sold short-term investments costing $19,038 for $19,038 cash f. Declared $11,156 in dividends to be paid at the beginning of the next fiscal year points quired: repare a journal entry for each transaction. (f no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers View transaction list Journal entry worksheet Record the $18,296 loan from banks due in two years Note: Enter debits before credes General Journal Record entry Clear entry View general journal 100 points Required: 1. Prepare a journal entry for each transaction. (f no entry is required for a transactionievent, select "No journal entry required" in the first account field. Enter your answers in millions.) View transaction list Journal entry worksheet Record the purchase of additional investments for $23,800 cash with one-fifth being long term and the balance being short term Note. Enter debits before credits View general journal 100 points Required 1. Prepare a journal entry for each transaction. (If no entry is required for a transaction'event, select "No journal entry required" in the first account field. Enter your answers in millions.) View transaction list Journal entry worksheet Record the purchase of property, plant and equipment by paying $9,603 cash and signing a short-term note for $1,440 Note: Enter debits before credns Record entry Clear entry View general journal 100 points Required: 1. Prepare a joumal entry for each transaction, (lf no entry is required for a transactionievent, select "No journal entry required" in the first account field. Enter your answers in millions.) Journal entry worksheet 12 365 Record the issuance of additional shares for $1,500 cash; total par value was $1 and the rest was in excess of par value Note: Enter debits before credits 100 points Required 1. Prepare a journal entry for each transaction. (t no entry is required for a transactionlevent, select "No journal entry required" In the first account field. Enter your answers in miltions) View transaction list ournal entry worksheet Record the sale of short-term investments costing $19,038 for 19,038 cash Record entry Clear entry View general journal 00 points Required: 1. Prepare a jounal entry for each transaction. (if no entry is required for a transactionvievent, select "No journal entry required" in the first account feld. Enter your answers in milions) transaction list Journal entry worksheet Record the declaration of $11,156 in dividends to be paid during beginning of the next fiscal year. Note: Enter debits before credts Record entry Clear entry View general journal
