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E3.6 (Algo) Recording Journal Entries LO3-4 Sysco Corporation, formed in 1969, is the largest global distributor of food service products, serving restaurants, hotels, schools, hospitals, and other institutions. The following summarized transactions are typical of those that occurred in a recent year (dollars are in militions). a. Purchased bulldings costing $474 and equipment costing $278 for cash. b. Borrowed $139 from a bank, signing a short-term note. c. Provided $57,271 in service to customers during the year, with $25,858 on account and the rest recelved in cash. d. Paid $123,074 cash on accounts payable. e. Purchased $39,683 of inventory on account. f. Paid payroll, $6,340 during the year. 9. Recelved $21,743 on account paid by customers. h. Purchased and used fuel of $1,700 in dellvery vehicles during the year (paid for in cash). 1. Declared $698 in dividends at the end of the year to be paid the following year. E3-6 (Algo) Recording Journal Entries LO3-4 Sysco Corporation, formed in 1969, is the largest global distributor of food service products, serving 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 bulldings costing $474 and equipment costing $278 for cash. b. Botrowed $139 from a bank, signing a short-term note. c. Provided $57,271 in service to customers during the year, with $25,858 on account and the rest recelved in cash. d. Paid $123,074 cash on accounts payable. e. Purchased $39,683 of inventory on account. 8. Paid poyroll, $6,340 during the year. 9. Recelved $21,743 on account paid by customers. h. Purchased and used fuel of $1,700 in delivery vehicles during the year (paid for in cash). 1. Declared $698 in dividends at the end of the year to be paid the following year. f. Incurred $139 in utility usage during the year; paid $95 in cash and owed the rest on account. Required: For each of the transactions, prepare journal entries. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rather than in dollars (for example, 55 million should be entered as 55 rather than 55,000,000 )

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