BMW Group, headquartered in Munich, Germany, manufactures several automotive brands including BMW Group, MINI, and Rolls-Royce. Financial information is reported in the euro (€) monetary unit using International Financial Reporting Standards (IFRS) as applicable to the European Union. The following activities were adapted from the annual report of the BMW Group; amounts are in millions of euros.

1. dividends to be paid next month.
2. Ordered €2,225 of equipment.
3. Paid €748 in dividends declared in prior months.
4. Borrowed €5,155 in cash from banks.
5. Sold equipment at its cost of €137 for cash.
6. Received the equipment ordered in event (b), paying €2,088 in cash and signing a note for the balance.
7. Purchased investments for €2,280 cash.

Required:

Prepare journal entries for each transaction.