Sysco, formed in 1969. is America's largest marketer and distributor of food sen ice products, serving nearly 250.000 restaurants, hotels, schools, hospitals, and other institutions. The following summarized transactions are typical of those that occurred in a recent year.

Required:
For each of the transactions, prepare journal entries. Determine whether the accounting equation remains in balance and debits equal credits after each entry.

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a. Borrowed $80 million from a bank. signing a short-term note. b. Provided $10.02 billion in service to customers during the year. with $9.5 billion on account and the rest received in cash. c. Purchased plant and equipment for $127.9 million in cash. d. Purchased $8.268 billion inventory on account. e. Paid payroll. $1.02 billion during the year. f. Received $410 million on account paid by customers. g. Purchased and used fuel of $400 million in delivery vehicles during the year (paid for in cash). h. Declared and paid $48.8 million in dividends for the year. i. Paid $8.2 billion cash on accounts payable. j. Incurred $20 million in utility usage during the year; paid $15 million in cash and owed the rest on account.