E3-7 (Algo) Recording Journal Entries LO3-4 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 $464 and equipment costing $254 for cash. b. Borrowed $109 from a bank, signing a short-term note. c. Provided $58,471 in service to customers during the year, with $30,058 on account and the rest received in cash. d. Paid $123,074 cash on accounts payable. e. Purchased $43,583 of inventory on account. f. Paid payroll, $7,340 during the year. g. Received $18,243 on account paid by customers. h. Purchased and used fuel of $1,550 in delivery vehicles during the year (paid for in cash). i. Declared $698 in dividends at the end of the year to be paid the following year. j. Incurred $105 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.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 9 10 Purchased buildings costing $464 and equipment costing $254 for cash. >