Check my work mode : This shows what is correct or incorreet for the work you have completed so far. It does not Required information Required: 2. Posteach transaction to the appropriate T-accounts. Note: Enter your answers in millions. Answer is not complete. Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 26.2020 a. Borrowed $18,317 from banks due in two years. b. Purchased additional investments for $25,700 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment; paid $9,623 in cash and signed a short term note for $1,460. d. Issued additional shares of common stock for $1,520 in cash; total par value was $1 and the rest was in excess of value. e. Sold short-term investments costing $19,058 for $19,058 cash. 1. Declared $11,177 in dividends to be paid at the beginning of the next fiscal year. Required information Required information \begin{tabular}{|l|l|l|} \hline & & \\ \hline ending Balance & & 30,768 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Short-term Debt } \\ \hline \begin{tabular}{l} Beginning \\ Balance \end{tabular} & & 6,428 & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & \\ \hline & & 6,428 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Long-term Debt } \\ \hline \begin{tabular}{l} Beginning \\ Balance \end{tabular} & & 29,543 & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & 29,543 & \\ \hline & & \\ \hline \end{tabular} 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.] 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). Required information \begin{tabular}{|l|l|l|} \hline Ending Balance 4,281 & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Accounts Payable } \\ \hline \multicolumn{1}{|c|}{ Debit } & & \\ \hline \begin{tabular}{l|l|l|} Beginning \\ Balance \end{tabular} & & 30,768 & \\ \hline & & & \\ \hline & & & \\ \hline Ending Balance & & 30,768 & \\ \hline \end{tabular} \begin{tabular}{|l|c|c|} \hline \multicolumn{3}{|c|}{ Other Noncurrent Assets } \\ \hline \begin{tabular}{l} Beginning \\ Balance \end{tabular} & 12,762 & \\ \hline & & \\ \hline & & \\ \hline & 12,762 & \\ \hline Ending Balance & & \\ \hline \end{tabular} \begin{tabular}{|l|c|c|} \hline \multicolumn{2}{|c|}{ Accrued Expenses } \\ \hline \multicolumn{1}{|c|}{ Debit } & \\ \hline \begin{tabular}{l} Beginning \\ Balance \end{tabular} & & 18,805 \\ \hline & & \\ \hline & & \\ \hline Ending Balance & & 18,805 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Short-term Debt } \\ \hline \multicolumn{2}{|c|}{ Debit } & & Credit \\ \hline \begin{tabular}{l} Beginning \\ Balance \end{tabular} & 6,428 & \\ \hline \end{tabular} ORANGE INCORPORATED CONSOLIDATED BALANCE SHEET September 28, 2019 (dollars in mallions) ASSETS Current assets : Cash 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 \begin{tabular}{r} $14,124 \\ 11,457 \\ 17,804 \\ 2,147 \\ 24,287 \\ \hline 69,819 \\ 132,610 \\ 21,012 \\ 12,762 \\ \hline$236,203 \\ \hline \end{tabular} Accrued expenses Unearned revenue Short-term debt Total current liabilities Long-term debt Other noncurrent liabilities Total liabilities \begin{tabular}{r} $30,768 \\ 18,805 \\ 8,659 \\ 6,428 \\ \hline 64,660 \\ 29,543 \\ 28,385 \\ \hline 122,588 \end{tabular} Stockholders' equity: Common stock ( $0.00001 par value) Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and shareholders' equity \begin{tabular}{r} 1 \\ 26,112 \\ 87,502 \\ \hline 113,615 \\ \hline$236,203 \\ \hline \end{tabular}