P2-5 Part 1 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 View journal entry worksheet No Transaction General Journal 1 a Cash Short-term investments Property, plant and equipment Common stock Short-term investments Dividends payable Debit Credit 1,824 21,700 10,996 1,475 19,016 11,133 MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash Short-term investments Accounts receivable Inventories Other current assets Total current assets $ 13,884 11,265 17,509 2,116 23,939 68,713 Long-term investments 130,508 Property, plant, and equipment, net 20,679 Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: 12,556 $232,456 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 $ 30,277 18,503 8,515 6,325 63,620 29,066 27,932 120,618 1 23,712 88,125 111,838 $232,456 Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 29 2018). Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 29, 2018): a. Borrowed $18,274 from banks due in two years. b. Purchased additional investments for $21,700 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment; paid $9,578 in cash and signed a short-term note for $1,418. d. Issued additional shares of common stock for $1,476 in cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term investments costing $19,016 for $19,016 cash. f. Declared $11,133 in dividends to be paid at the beginning of the next fiscal year. -5 Part 1 quired: Prepare a journal entry for each transaction. (If no entry is required for a transaction/event, select "No journal entry required" in first account field. Enter your answers in millions.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit