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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

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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 $470 and equipment costing $222 for cash. b. Borrowed $109 from a bank, signing a short-term note. C. Provided $52,171 in service to customers during the year, with $26,958 on account and the rest received in cash. d. Paid $136,974 cash on accounts payable. e. Purchased $40,483 of inventory on account. f. Paid payroll, $9,540 during the year. g. Received $20,043 on account paid by customers. h. Purchased and used fuel of $1,500 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 $133 in utility usage during the year; paid $96 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 2 3 4 5 6 7 8 9 10 Purchased buildings costing $470 and equipment costing $222 for cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry View general journal Clear entry

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