MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash Short-term...

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MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash Short-term investm

Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 29, 2018): a.

At September 29, 2018 (in millions) Assets Current assets: Short-term investments $ 30,657 X Cash 56,423 X 17,681 Accounts re

Current liabilities: Accounts payable $ 30,563 Accrued expenses 18,679 Unearned revenue 8,599 Short-term notes payable 6,385

business accounting

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Answer 1

Answer #1

Short-term investments	11,617
(11,377 + 19,280 - 19,040)

Cash	19,161
(14,024 + 18,299 - 24,100 - 9,605 + 1,503 + 19,040)

Short-term notes payable	7,828
(6,385 + 1,443)

Long-term debt	47,643
(29,344 + 18,299)

Common Stock	2
(1 + 1)

Additional paid-in capital	26,714
(25,212 + 1,502)

Retained Earnings	76,501
(87,659 - 11,158)

Note: There will be one more item in current liabilities i.e.
Dividend payable with the amount of $11,158.

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Answer 2

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