Sysco Corporation, formed in 1969, is the largest global dis…

Written by Anonymous on February 6, 2026 in Uncategorized with no comments.

Questions

Syscо Cоrpоrаtion, formed in 1969, is the lаrgest globаl 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). Purchased buildings costing $420 and equipment costing $210 for cash. Borrowed $139 from a bank, signing a short-term note. Provided $58,671 in service to customers during the year, with $22,658 on account and the rest received in cash. Paid $129,874 cash on accounts payable. Purchased $42,983 of inventory on account. Paid payroll, $4,940 during the year. Received $23,643 on account paid by customers. Purchased and used fuel of $1,600 in delivery vehicles during the year (paid for in cash). Declared $598 in dividends at the end of the year to be paid the following year. Incurred $104 in utility usage during the year; paid $90 in cash and owed the rest on account. Sysco has the following accounts in their general ledger that you can use for your entries: Accounts payable, Accounts receivable, Buildings, Cash, Dividends payable, Equipment, Fuel expense, Inventory, Retained earnings, Sales revenue, Short-term notes payable, Utilities expense, Wages expense. Required: For each of the transactions, prepare journal entries. Do not use $ or commas in your answer. If no entry is required for a transaction or event, indicate "No journal entry required" in the first account field.​     Account Title Debit Credit 1.           2.       3.           4.       5.       6.       7.       8.       9.       10.          

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