Create t-accounts for each balance sheet account andinclude

Reference no: EM13614208

Dell, Inc Balance Sheet at January 30, 2004 Assets Cash - 4,317 SHort term investments - 835 Receivables - 3635 Inventories - 327 other -1519 Total - $ 10,633 Noncurrent assets Property, plant, equipment - 1517 Long term investments - 6770 Other noncurrent - 391 Total assets - $19311 Liabilities and Stockholders Equity Accounts payable - 7316 OTher short term obligations - 3580 =10896 Long term Liabilites - 2135 Stockholders Equity COntributed capital - 284 Retained earnings - 5996 Total = 19311 Assuming that following transactions (in millions of dollars)occurred during the remainder of 2004 (ending on Jan 28,2005)

a. Issued additional shares of stock for $200 cash

b. borrowed $30 from banks due in two years

c. Purchased additional investments for $13000 cash; one fifthwere long term and the rest were short term

d. Purchased property, plant and equipment; paid $875 cash and$1410 with additional long term bank loans

e. lent $250 to affiliates who signed a six month note

f. sold short term investments costing $10000 for $10000cash

g. dell does not actually pay dividents, it reinvest itsearnings into the company for growth purposes. assume instead forthis problem that dell declared and paid $52 in dividends during2004 ----------------------------- please help

1. Prepare a journal entry for each transaction

2. Create T-accounts for each balance sheet account andinclude the january 30, 2004, balances, post each journal entry toappropriate t- accounts

3. Prepare a balance sheet from the t-account ending balancesfor dell at jan, 28, 2005, base on these transactions

4. Compute dells financial leverage ration for 2004(yearending on jan. 28, 2005), what does this suggest about thecompany?

Reference no: EM13614208

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