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Requlred Information P2.5 (Algo) Recording Transactions, Prepering Journal Entries, Posting to T-Accounts, Preparing the Balance Sheet, and Evaluating the Current Ratio LO2-2, 2.4, 2.5 [The following infomation applies to the questions displayed below] Orange Incorporated, headquartered in Cupertino, California, designs, manufactures, and markets smartphones, persona 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 5 aturday of Septemben) Assume that the following transactions (in millions) occurted during the next fiscal year (ending on September 26, 2020): a. Borrowed $18,293 from banks due in two years b. Puichased additional investments for $23,600 cash, one-fith were long term and the rest were short term. c. Purchased property, plant, and equipment, paid $9,600 in cash and signed a short term note for $1,438. d Issued additional shares of common stock for $1.498 in cosh total par value wos $1 and the rest was in excess of par value. e. Sold shoitterm investments costing $19,035 for $19.035cosh t Declared $11,154 in dividends to be paid at the beginning of the nexa fiscal year. Requlred: 1. Prepare a journal entry for each transaction. Note: if no entry is requlred for a transoctlon/event, select "No Journal entry requiled" In the flrst aceount fleid. Enter your In millions. Journal entry worksheet 23456 Fecord the 518,293 laan from banis due in bwo years. Requlred: 1. Prepare a journal entry for each transaction. Note: If no entry is requlred for a transaction/event, select "No journol entry requlred" In the first account field. Enter your answer In mililions. Journal entry worksheet 56 Record the purchase of additional investments for $23,600 cash with one-fift being long-term and the balance being short-term. Note: Enter debits before cresth: Requlred: 1. Prepare a journal enty for each transaction. Note: If no entry Is requlred for a transection/event, select "No journal entry requlred" In the first account fleld. Enter your answers In militions. Journal entry worksheet Journal entry worksheet Record the issuance of additional shares for $1,498 cash; total par value was $1 and the rest was in excess of par value. Note: Enter debits before credits. Journal entry worksheet Record the sale of short-term investments costing $19,035 for $19,035 cash. Notet Enter debits belore credits. Journal entry worksheet Record the declaration of $11,154 in dividends to be paid at the beginning of the next fiscal year. Note: Enter debits before credits