The following information applies to the questions displayed below) Apple 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 Apple's (simplified) balance sheet from a recent year fiscal year ending on the last Saturday of September) APPLE INC CONSOLIDATED BALANCE SHEET September 27, 2014 (dollars in milions) ASSETS Current assets: Cash $ 13,844 Short-term investments 11233 Accounts receivable 17.460 Inventories 2,111 Other current assets 23.833 Total current assets 68,531 Long-term investments 130162 Property, plant, and equipment, net 20,624 Other noncurrent assets 12,522 Total assets $ 231839 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $ 30,196 Accrued expenses 18.453 Unearned revenue 8.491 Short-term notes payable 6.308 Total current liabilities 63,448 Long-term debt 28.987 Other noncurrent abilities 27857 Total liabilities 120.292 Stockholders' equity Common stock 5000001 per value] 1 23.312 Additional paid-in capital Retained earnings 88234 Total stockholders' equity 111,547 Total liabilities and shareholders' equity $ 231839 Assume that the following transactions in milions) occurred during the next fiscal year lending on September 26, 2015) 11,233 17,460 2,111 23,833 68,531 130,162 20,624 12,522 $ 231,839 Short-term investments Accounts receivable Inventories Other current assets Total current assets Long-term investments Property, plant, and equipment, net Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable Accrued expenses Unearned revenue Short-term notes payable Total current liabilities Long-term debt Other noncurrent liabilities Total liabilities Stockholders' equity Common stock ($0.00001 per value) Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and shareholders' equity $ 30,196 18,453 8,491 6,308 63,448 28,987 27,857 120,292 23,312 88,234 111,547 $ 231,839 Assume that the following transactions (in Millions) occurred during the next fiscal year (ending on September 26, 2015): a. Borrowed $18,266 from banks due in two years. b. Purchased additional investments for $21,000 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment; paid $9,571 in cash and signed a short-term note for $1.410. d. Issued additional shares of common stock for $1,469 in cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term investments costing $18,810 for $18,810 cash. f. Declared $11,126 in dividends to be paid at the beginning of the next fiscal year. Required: 1. Prepare a journal entry for each transaction. (If no entry is required for a transaction/event, select "No View transaction list Journal entry worksheet 4 5 6 Record the purchase of additional investments for $21,000 cash with one-fifth being long-term and the balance being short-term. Note: Enter debits before credits. Transaction General Journal Debit Credit b Record entry Clear entry View general journal View transaction list Journal entry worksheet 1 2 3 4 5 6 > Record the purchase of property, plant and equipment by paying $9,571 cash and signing a short-term note for $1,410. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal Required: 1. Prepare a journal entry for each transaction. (If no entry is required for a transaction/event, select "No journal entry View transaction list Journal entry worksheet Record the issuance of additional shares for $1,469 cash; total par value was $1 and the rest was in excess of par value. Note: Enter debits before credits. General Journal Debit Transaction d Credit Record entry Clear entry View general Journal Required: 1. Prepare a journal entry for each transaction. (If no entry is required for a transaction/event, select "No journal en View transaction list Journal entry worksheet Record the sale of short-term investments costing $18,810 for $18,810 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Required: 1. Prepare a journal entry for each transaction. (If no entry is required for a transaction/event, select "No jou View transaction list Journal entry worksheet