P$2-5($Algo$)$ Recording Transactions, Preparing Journal Entries, Posting to T$-$Accounts, Preparing the Balance Sheet, and Evaluating the Current Ratio LO$2-2,2-4,2-5$ 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 $2$

Required:

Post each transaction to the appropriate T$-$accounts.

Note: Enter your answers in millions.

$[$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$).$

$\backslash$table$[[\backslash$table$[[$ORANGE INCORPORATED$],[$CONSOLIDATED BALANCE SHEET$],[$September $28,2019],[($dollars in millions$)]],],[$ASSETS$,],[$Current assets:,$],[$Cash$,$$$14,054],[$Short$-$term investments,$11,401],[$Accounts receivable,$17,718],[$Inventories$,2,138],[$Other current assets,$24,186],[$Total current assets,$69,497],[$Long$-$term investments,$131,998],[$Property$,$ plant, and equipment, net,$20,915],[$Other noncurrent assets,$12,702],[$Total assets,$$235,112],[$LIABILITIES AND STOCKHOLDERS' EQUITY,$],[$Current Liabilities:,$],[$Accounts payable,$$30,625],[$Accrued expenses,$18,717],[$Unearned revenue,$8,617],[$Short$-$term debt,$6,398],[$Total current liabilities,$64,357],[$Long$-$term debt,$29,404],[$Other noncurrent liabilities,$28,253],[$Total liabilities,$122,014],[$Stockholders$,$ equity:,$],[$Common stock $($ $$0\mathrm{.}00001$ par value$),1],[$Additional paid$-$in capital,$25,512],[$Retained earnings,$87,585],[$Total stockholders' equity,$113,098],[$Total liabilities and shareholders' equity,$$235,112]]$

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