Question

Starfruit Inc., headquartered in Ridgway, Colorado, designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players and sells a variety of related software and services. The following is Starfruit's (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September). STARFRUİT INC. CONSOLIDATED BALANCE SHEET September 27, 2014 (dollars in millions) ASSETS Current assets: Cash $ 13,994 11,353 17644 2,130 24,096 69,217 131,466 20,831 12,650 S 234164 Accounts receivable Inventories Other current assets Total current assets 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 S 30,501 18,641 8,581 6,372 64,095 29,284 28,139 121,518 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 24,912 87,733 112,646 $ 234,164 Total stockholders' equity Total liabilities and shareholders' equity Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 26, 2015): a. Borrowed $18,293 from banks due in two years. b. Purchased additional Investments for $23,600 cash: one-fifth 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 cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term investments costing $19,035 for $19,035 cash. f. Declared $11,154 In dividends to be pald at the beginning of the next fiscal year.

I need help with the T accounts!

Answer 1

T-accounts are as prepared below:

Cash
Particulars	Amount	Particulars	Amount
Beg Balance	13,994	b	23,600
a	18,293	c	9,600
d	1,498
e	19,035
	52,820		33,200
Ending balance	19,620
Account Receivable
Particulars	Amount	Particulars	Amount
Beg Balance	17,644
	17,644		0
Ending balance	17,644
Short term investments
Particulars	Amount	Particulars	Amount
Beg Balance	11,353	e	19,035
b	18,880
	30,233		19,035
Ending balance	11,198
Inventory
Particulars	Amount	Particulars	Amount
Beg Balance	2,130
	2,130		0
Ending balance	2,130
Other current assets
Particulars	Amount	Particulars	Amount
Beg Balance	24,096
a	27,850
	51,946		0
Ending balance	51,946
Long term investments
Particulars	Amount	Particulars	Amount
Beg Balance	131,466
b	4,720
	136,186		0
Ending balance	136,186
Property, plant and equipment, net
Particulars	Amount	Particulars	Amount
Beg Balance	20,831
c	11,038
	31,869		0
Ending balance	31,869
Other noncurent assets
Particulars	Amount	Particulars	Amount
Beg Balance	12,650
	12,650		0
Ending balance	12,650
Accounts Payable
Particulars	Amount	Particulars	Amount
		Beg Balance	30,501
	0		30,501
		Ending balance	30,501
Accrued Expense
Particulars	Amount	Particulars	Amount
		Beg Balance	18,641
	0		18,641
		Ending balance	18,641
Unearned Revenue
Particulars	Amount	Particulars	Amount
		Beg Balance	8,581
	0		8,581
		Ending balance	8,581
Short-term notes payable
Particulars	Amount	Particulars	Amount
		Beg Balance	6,372
		c	1,438
	0		7,810
		Ending balance	7,810
Long term debt
Particulars	Amount	Particulars	Amount
		Beg Balance	29,284
		a	18,293
	0		47,577
		Ending balance	47,577
Other noncurrent liabilities
Particulars	Amount	Particulars	Amount
		Beg Balance	28,139
	0		28,139
		Ending balance	28,139
Common Stock
Particulars	Amount	Particulars	Amount
		Beg Balance	1
		d	1
	0		2
		Ending balance	2
Additional paid in capital
Particulars	Amount	Particulars	Amount
		Beg Balance	24,912
		d	1,497
	0		26,409
		Ending balance	26,409
Retained Earnings
Particulars	Amount	Particulars	Amount
f	11,154	Beg Balance	87,733
	11154		87,733
		Ending balance	76,579
Dividend Payable
Particulars	Amount	Particulars	Amount
		Beg Balance	0
		f	11,154
	0		11,154
		Ending balance	11,154