please help

Required information (The following information applies to the questions displayed below.] Following are account balances (in millions of dollars) from a recent StateEx annual report, followed by several typical transactions. Assume that the following are account balances on May 31 (end of the prior fiscal year): Account Property and equipment (net) Retained earnings Accounts payable Prepaid expenses Accrued expenses payable Long-term notes payable Other noncurrent assets Common stock ($0.10 par value) Balance $ 15,494 11,206 1,417 188 2,230 1,650 2,792 4 Account Receivables Other current assets Cash Spare parts, supplies, and fuel Other noncurrent liabilities Other current liabilities Additional Paid-in Capital Balance $ 1,949 959 1,044 557 3,530 2,099 847 These accounts are not necessarily in good order and have normal debit or credit balances. Assume the following transactions (in millions, except for par value) occurred the next fiscal year beginning June 1 (the current year): a. Provided delivery service to customers, who paid $5,390 in cash and owed $28,704 on account. b. Purchased new equipment costing $3,594; signed a long-term note. c. Paid $9,464 cash to rent equipment and aircraft, with $4,336 for rent this year and the rest for rent next year. d. Spent $1,024 cash to repair facilities and equipment during the year. e. Collected $29,085 from customers on account. f. Repaid $230 on a long-term note (ignore interest). g. Issued 100 million additional shares of $0.10 par value stock for $24 (that's $24 million). h. Paid employees $11,276 for work during the year. i. Purchased spare parts, supplies, and fuel for the aircraft and equipment for $8,964 cash. j. Used $6,850 in spare parts, supplies, and fuel for the aircraft and equipment during the year. k. Paid $944 on accounts payable. 1. Ordered $104 in spare parts and supplies. No Transaction General Journal Debit Credit 1 a. X X 33,394 Delivery service revenue Cash 5,390 Accounts receivable x 28,704 * 2 b. 3,594 Property and equipment Long-term notes payable 3,594 3 C. Rent expense Prepaid expenses Cash 4,336 5,128 9,464 4 d. 1,024 Repairs expense Cash 1,024 5 e. Cash 29,085 Accounts receivable 29,085 6 f. 230 o Long-term notes payable Cash s 230 7 g. Common stock X 10 X Additional paid-in-capital 14 X Cash x 24 8 h. 11,276 Wages expense Cash 11,276 9 i. 8,964 Spare parts, Supplies, and Fuel Cash 8,964 10 j. 6,850 > Spare parts, Supplies, and Fuel expense Spare parts, Supplies, and Fuel 6,850 11 k. Accounts payable 944 Cash 944 0 0 0 12 1. No journal entry required *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. Cash Receivables Beg. bal. X Beg. bal. (a) (e) 1,044 5,390 29,085 9,464 X x x (C) (d) 1,024 x x 230 (1 End. bal. 0 OOO x x X End. bal. 24,801 Spare Parts, Supplies, and Fuel 557 8,964 x Prepaid Expenses 188 Beg. bal. (i) Beg. bal. (c) X 5,128 End. bal. 9,521 End. bal. 5,316 Other Current Assets Beg. bal. 959 Beg. bal. Property and Equipment (net) 15,494 x End. bal. 959 End. bal. 15,494 Other Noncurrent Assets Beg. bal. Beg. bal. (k) Accounts Payable 1,417 944 > End. bal. 0 End. bal. 473 Accrued Expenses Payable 2,230 Other Current Liabilities 2,099 Beg. bal. Beg. bal. End. bal. 2,230 End. bal. 2,099 Other Noncurrent Liabilities Long-Term Notes Payable 1,650 Beg. bal. Beg. bal. (f) > 230 > x End. bal. 1,420 End. bal. 0 Common Stock Additional Paid-in Capital Beg. bal. 4 Beg. bal. 847 10 (9) x > End. bal. 14 End. bal. 847 Delivery Service Revenue Retained Earnings 11,206 Beg. bal. Beg. bal. End. bal. 11,206 End. bal. 0 Rent Expense Repair Expense Beg. bal. Beg. bal. X End. bal. 0 End. bal. 0 Wage Expense Beg. bal. (h) Spare Parts, Supplies, and Fuel Expense Beg. bal. 0) 6,850 11,276 End. bal. 11,276 End. bal. 6,850 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted