Following are account balances (in millions of dollars) from a recent FedEx annual report, followed by several typical transactions. Assume that the following are account balances on May 31, 2014:


Property and equipment (net) $15,543
Retained earnings 12,716
Accounts payable 1702
Prepaid expenses 329
Accrued expenses payable 1894
Long-term notes payable 1667
Other noncurrent assets 3557
Common stock ($0. 10 par value) 32
Receivables $4,581
Other current assets 610
Cash 2328
Spare parts, supplies, and fuel 437
Other noncurrent liabilities 5616
Other current liabilities 1286
Additional paid-in capital 2472

These accounts are not necessarily in good order and have normal debit or credit balances. Assume the following transactions (in millions) occurred the next year ending May 31, 2015:

a. Provided delivery service to customers, receiving $21,704 in accounts receivable and $17,600 in cash.
b. Purchased new equipment costing $3,434; signed a long-term note.
c. Paid $13,864 cash to rent equipment and aircraft, with $10,136 for rental this year and the rest for rental next year.
d. Spent $3,864 cash to maintain and repair facilities and equipment during the year.
e. Collected $24,285 from customers on account.
f. Repaid $350 on a long-term note (ignore interest).
g. Issued 20 shares of additional stock for $16.
h. Paid employees $15,276 during the year.
i. Purchased for cash and used $8,564 in fuel for the aircraft and equipment during the year.
j. Paid $784 on accounts payable. Ordered $88 in spare parts and supplies.