1. During the year, Walmart closed and sold several low performing locations. These transactions resulted in an increase in cash of $745, decrease in prepaid expense of $170, and an increase of other long term assets of $122. In addition, Walmart recognized an increase of short-term commercial paper of 4, decrease in accrued liabilities of $208, an increase in accrued income taxes of $352, an increase of other current liabilities of $1, a decrease in long-term debt of 291, decrease of deferred income taxes of $231, decrease of other noncurrent liabilities of 12, increase of other income of $1521 and an impairment loss of $439.

Need of correct journal entries for this transaction

That would be doing your homework for you. We don't do that. What do you have so far... show us that first and how you got it.

The place to start is debit the increase in an asset or expense