Full options for general journal are:
No Journal entry required
Accounts payable
Accounts receivable
Additional paid in capital
Advertising expense
Buildings
Cash
Commission expense
Common stock
Consulting expense
Cost of goods sold
Dividends payable
Equipment
Fuel expense
Games revenue
Insurance expense
Interest expense
Interest revenue
Inventory
Land
Miscellaneous expenses
Mortgage payable
Notes payable (long term)
Prepaid expense
Rent expense
Rent revenue
Repairs expense
Retained earnings
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Service revenue
Short term notes payable
Supplies
Supplies expense
Total expenses
Unearned revenue
Utilities expense
Wage expense
Wages payable
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 $404 and equipment costing $282 for cash. b. Borrowed $99 from a bank, signing a short-term note. c. Provided $55,671 in service to customers during the year, with $23,258 on account and the rest received in cash. d. Paid $131,174 cash on accounts payable. e. Purchased $45.083 of inventory on account. f. Paid payroll, $8,040 during the year. g. Received $20,643 on account paid by customers. h. Purchased and used fuel of $1,700 in delivery vehicles during the year (paid for in cash). Declared $598 in dividends at the end of the year to be paid the following year. J. Incurred $140 in utility usage during the year, paid $94 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 $404 and equipment costing $282 for cash. Debit Credit Note: Entar debits before credits Transaction No journal entry required Accounts payable Accounts receivable Additional paid-in-capital Record entry Clear entry View general Journal View transaction list Journal entry worksheet Borrowed $99 from a bank, signing a short-term note. Note: Enter debits before credits. General Journal Debit Credit Transaction b. Record entry Clear entry View general Journal View transaction list Journal entry worksheet Provided $55,671 in service to customers during the year, with $23,258 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 View transaction list Journal entry worksheet Paid $131,174 cash on accounts payable. Note: Enter debits before credits. General Journal Debit Credit Transaction d. Record entry Clear entry View general Journal View transaction list Journal entry worksheet Purchased $45,083 of inventory on account. Note: Enter debits before credits. Transaction General Journal Debit Credit e. Record entry Clear entry View general Journal View transaction list Journal entry worksheet Paid payroll, $8,040 during the year. Note: Enter debits before credits. General Journal Debit Credit Transaction f. Record entry Clear entry View general Journal View transaction list Journal entry worksheet Received $20,643 on account paid by customers. Note: Enter debits before credits. General Journal Debit Credit Transaction g. Record entry Clear entry View general Journal View transaction list Journal entry worksheet Purchased and used fuel of $1,700 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 View transaction list Journal entry worksheet Incurred $140 in utility usage during the year; paid $94 in cash and owed the rest on account Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal
