P$2-5($Algo$)$ Recording Transactions, Preparing Journal Entries, Posting to T$-$Accounts, Preparing the a$.$ Borrowed $$18,304$ from banks due in two years.

b$.$ Purchased additional investments for $$24,500$ cash; one$-$fifth were long term and the rest were short term.

c$.$ Purchased property, plant, and equipment; paid $$9,610$ in cash and signed a short$-$term note for $$1,448.$

d$.$ Issued additional shares of common stock for $$1,507$ in cash; total par value was $$1$ and the rest was in excess of par value.

e$.$ Sold short$-$term investments costing $$19,045$ for $$19,045$ cash.

f$.$ Declared $$11,163$ in dividends to be paid at the beginning of the next fiscal year.

P$2-5$ Part $4$

Required:

$4.$ Prepare a classified balance sheet for Orange at September $26,2020,$ based on these transactions.

Note: Enter your answers in millions. P$2-5$ Part $4$

Required: $$

Prepare a classified balance sheet for Orange at September $26,2020,$ based on these transactions.

Note: Enter your answers in millions. $\begin{array}{cc}?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\end{array}$

Liabilities and stockholders' equity

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Balance Sheet, and Evaluating the Current Ratio LO$2-2,2-4,2-5$

$[$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$).$

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:

Stockholders' equity:

Assume that the following transactions $($in millions$)$ occurred during the next fiscal year $($ending on September $26,2020)$: