E3-7 Recording Journal Entries 3-4 Sysco, formed in 1969, is North America's largest marketer and distributor of food service serving approximately 425,000 restaurants, hotels, schools, hospitals, and other institutions,. The fl ing summarized transactions are typical of those that occurred in a recent year (dollars are in millicn a. Purchased plant and equipment for $636 in cash. b. Borrowed $181 from a bank, signing a short-term note. c. Provided $39,323 in service to customers during the year, with $28,558 on account and the received in cash