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Sysco Corporation, formed in 1969, is the largest global distributor of food service products, serving over 500,000 restaurants, hotels, schools, hospitals, and other institutions. The following summarized transactions are typical of those that occurred in a recent year (dollars are in millions). a. Purchased buildings costing $384 and equipment costing $246 for cash. b. Borrowed $99 from a bank, signing a short-term note. c. Provided $56,371 in service to customers during the year, with $20,658 on account and the rest received in cash. d. Paid $136,774 cash on accounts payable. e. Purchased $41,383 of inventory on account f. Paid payroll, $4,740 during the year. g. Received $20,243 on account paid by customers h. Purchased and used fuel of $1,550 in delivery vehicles during the year (paid for in cash), 1. Declared $498 in dividends at the end of the year to be paid the following year. j. Incurred $131 in utility usage during the year, paid $99 in cash and owed the rest on account. Required: For each of the transactions, prepare journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions.) Journal entry worksheet Purchased buildings costing $384 and equipment costing $246 for cash. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal Journal entry worksheet Provided $56,371 in service to customers during the year, with $20,658 on account and the rest received in cash. Note: Enter debits before credits. Transaction General Journal Debit Credit C. Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 7 8 9 10 > Paid $136,774 cash on accounts payable. Note: Enter debits before credits. General Journal Debit Credit Transaction d. Record entry Clear entry View general Journal Journal entry worksheet Purchased $41,383 of inventory on account. Note: Enter debits before credits. Transaction General Journal Debit Credit e. Record entry Clear entry View general journal Journal entry worksheet Paid payroll, $4,740 during the year. Note: Enter debits before credits. General Journal Debit Credit Transaction f. Record entry Clear entry View general journal Journal entry worksheet Received $20,243 on account paid by customers. Note: Enter debits before credits. General Journal Debit Credit Transaction g. Record entry Clear entry View general journal Journal entry worksheet Purchased and used fuel of $1,550 in delivery vehicles during the year (paid for in cash). Note: Enter debits before credits. General Journal Debit Credit Transaction h. Record entry Clear entry View general journal Journal entry worksheet Declared $498 in dividends at the end of the year to be paid the following year. Note: Enter debits before credits. General Journal Debit Credit Transaction i. Record entry Clear entry View general journal Journal entry worksheet

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