Response to the following problem:
Wal-Mart Stores, Inc., completed many transaction's during 20X2, including the following (adapted in billions):
a. Sales revenue-assume all for cash, $218.
b. Total expenses-90% paid in cash; 10% on account, $210.
c. Closing entries for sales revenue and total expenses.
d. Closing entry for net income to Retained Earnings.
e. Cash dividends declared and then paid later, $1.
Required
Journalize these 20X2 transactions.