[cburton]

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

[smoothy]

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.

[paraclete]

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