Question

prepare a classified balance sheet for mango at September 29, 2018 based on these transactions,

im having trouble filling in the rest.

$ 13,884 11,265 17,509 2, 116 23,939 68,713 130, 508 20,679 12,556 $ 232,456 September 30, 2017 (dollars in millions) 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 Accrued expenses Unearned revenue Short-term notes payable Total current liabilities Long-term debt Other noncurrent liabilities Total liabilities Stockholders' equity: Common stock (se. 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): 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. 1. Declared $11,133 in dividends to be paid at the beginning of the next fiscal year,

Answer 1

Requirement:

Mango Inc
Balance sheet
At september 29, 2018
(in millions)
Assets:
Cash [13884+18274-21700-9578+1476+19016]	$             21,372
Short-term investments [11265+17360-19016]	$               9,609
Accounts receivable	$             17,509
Inventory	$               2,116
Other current assets	$             23,939
Total current assets	$             74,545
Long Term Investments [130508+4340]	$          134,848
Property, plant and equipment, net [20679+10996]	$             31,675
Other noncurrent assets	$             12,556
Total Assets	$          253,624
Liabilities and stockholder's Equity
Current liabilities:
Accounts payable	$             30,277
Accrued expenses	$             18,503
Unearned revenue	$               8,515
Dividend payable	$             11,133
Short-term note payable [6325+1418]	$               7,743
Total current Liabilities	$             76,171
Long term debt [29066+18274]	$             47,340
Other non current liabilities	$             27,932
Total liabilities	$          151,443
Stockholders equity:
Common stock [1+0.01476]	$                       1
Additional paid in capital [23712+1475.9852]	$             25,188
Retained Earnings [88125-11133]	$             76,992
Total stockholders equity	$          102,181
Total liabilities and stockholder's equity	$          253,624

1. From additional investments of $21,700, 1/5th i.e; $4,340 are long term and remaining $ 17,360 are short termNote:

2. Purchase of PPE , $10,996 includes cash payment of $9,578 and short term note payable of $ 1,418

3.the additional shares issued = $1,476/$1 = 1476 shares

Common stock portion = 1476*0.00001 = $ 0.01476

Additional paid in capital = $1,476 - $ 0.01476 = $ 1,475.9852