Assets Transaction Revenue (+R) 10 Pa Cash +49,000NESales R eb. 18 F Sysco is a global leader in marketing and distributing food products to care and educational facilities, lodging establishments, and other customer a away from home. The following transactions are typical of those that occ ire year, E3-8 Recording Journal Entries and Determining Net Income occurred are jour lity (L), prelimi but the amounts are simplified. (Dollars are in thousands.) a. Borrowed $80,000 from a bank, signing a short-term note payable b. Provided $100,000 in service to customers, with $95,000 on account and the te 1 Rece in cash c. Purchased plant and equipment for $130,000 in cash d. Paid employee wages of $1,000 e. Received $410 on account from a customer f. Paid $4,000 cash for travel costs during the year g. Paid $8,200 cash on accounts payable y's Pi t, its i e as fo Cash Acco Supp Equ h. Incurred $20,000 in utility expenses during the year, of which $15,000 was paid b au the rest owed on account Required: For each of the transactions, prepare accrual basis journal entries. Determine t accounting equation remains in ho Assets Transaction Revenue (+R) 10 Pa Cash +49,000NESales R eb. 18 F Sysco is a global leader in marketing and distributing food products to care and educational facilities, lodging establishments, and other customer a away from home. The following transactions are typical of those that occ ire year, E3-8 Recording Journal Entries and Determining Net Income occurred are jour lity (L), prelimi but the amounts are simplified. (Dollars are in thousands.) a. Borrowed $80,000 from a bank, signing a short-term note payable b. Provided $100,000 in service to customers, with $95,000 on account and the te 1 Rece in cash c. Purchased plant and equipment for $130,000 in cash d. Paid employee wages of $1,000 e. Received $410 on account from a customer f. Paid $4,000 cash for travel costs during the year g. Paid $8,200 cash on accounts payable y's Pi t, its i e as fo Cash Acco Supp Equ h. Incurred $20,000 in utility expenses during the year, of which $15,000 was paid b au the rest owed on account Required: For each of the transactions, prepare accrual basis journal entries. Determine t accounting equation remains in ho