The Cheesecake Factory Incorporated (NASDAQ: CAKE) owns and operates over 200 restaurants, including The Cheesecake Factory, the Grad Lux Cafe, and the RockSugar Pan Asian Kitchen brand restaurants. It also operates two bakery production facilities. Millions of transactions occur at The Cheesecake Factory Incorporated each year. The following items are examples of hypothetical Cheesecake Factory transactions:

February 1: Received $15,000 in daily restaurant sales revenue, cash (ignore cost of sales entry)
February 2: Purchased sugar (inventory), $11,000, on account
February 8: Paid for February advertising in local newspapers, $2,000, cash
February 11: Paid employees, $75,000, cash, for the one-week pay period ending February 10
February 12: Borrowed money from bank by signing a six-month note payable, $80,000
February 15: Received and paid the electricity bill for administrative offices, $1,500
February 19: Paid $11,000 on account for the purchase of sugar on February 2
February 20: Sold Cheesecake Factory gift cards, $1,000, cash
February 27: Paid February rent for restaurant building, $3,500, cash

Requirements

1. What would be the journal entry for each of the listed transactions?

2. For each listed transaction, how would Cheesecake Factory’s assets, liabilities, and equity be impacted?