The 2006 Form 10-K for Wal-Mart is included in Appendix A. Locate that Form 10-K and consider
Question:
1. Find Wal-Mart's 2006 income statement. Assume that operating, selling, general, and administrative expenses were paid in cash. What journal entry did Wal-Mart make in 2006 to record these expenses?
2. Find Wal-Mart's 2006 cash flow statement. What journal entry did Wal-Mart make in 2006 to record the issuance of long-term debt?
3. Again, looking at the cash flow statement, what journal entry did Wal-Mart make in 2006 to record the purchase of property and equipment?
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Related Book For 
Financial Accounting
ISBN: 978-0324645576
10th edition
Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice
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