Question

please complete general journal

Sysco Corporation, formed in 1969, is the larget 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 $436 and equipment costing $246 for cash. b. Borrowed $89 from a bank, signing a short-term note. c. Provided $50,971 in service to customers during the year, with $28,758 on account and the rest received in cash. d. Paid $122,274 cash on accounts payable. e. Purchased $45,383 of inventory on account f. Paid payroll, $5,540 during the year. g. Received $20,843 on account paid by customers. h. Purchased and used fuel of $1,500 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. J. Incurred $119 in utility usage during the year paid $96 in cash and owed the rest on account

Answer 1

The Journal in the Books of Sysco corporation

For the period ending.....

	Journal
a)	Buildings a/c      Dr	$             436
	Equipments a/c   Dr	$             246
	To Cash a/c		$             682
	purchase of property, plant and equipment for $682 million
b)	Cash ac              Dr	$               89
	To Note Payable		$               89
	...sign of short term note with a bank…
c)	Accounts receivable a/c Dr	$        28,758
	Cash ac              Dr	$        22,033
	To Sales		$        50,791
	...sales during the period…..
d)	Accounts Payable        Dr	$      122,274
	To Cash		$      122,274
	….payment of accounts payables….
e)	Inventory a/c             Dr	$        45,383
	To Accounts payable		$        45,383
	….purchase of inventory in account….
f)	Wages a/c             Dr	$          5,540
	To Cash		$          5,540
	….payment of wages during the period….
g)	Cash a/c             Dr	$        20,843
	To Accounts Receivable		$        20,843
	...collection of account receivable….
h)	Fuel expense a/c       Dr	$          1,500
	To Cash		$          1,500
	...fuel purchase and use during the period…
i)	Retained Earnings a/c Dr	$             698
	To Dividend payable		$             698
	…Dividend declared and to be paid in following year…
j)	Utilities Expense a/c Dr	$             119
	To Cash		$               96
	To Utilities payable payable		$               23
	….utilities expense for the period….