Cintu is a large marketer and distributor of food service products serving restaurants, hotels, schools, hospitals, and other institutions. The following transactions are typical of those that occurred in a recent year, but the amounts are simplified. a. Borrowed $98,500 from a bank, signing a short-term note payable. b. Provided $104,600 in service to customers, with $99,600 on account and the rest received in cash. c. Purchased equipment for $158,000 in cash. d. Incurred and paid employee wages of $2,800. e. Received $605 on account from a customer. f. Incurred and paid $5,350 cash for travel costs during the year. g. Paid $9,600 cash on accounts payable. h. Incurred $30,400 in utility expenses during the year, of which $24,600 was paid in cash and the rest owed on account. Required: 1. For each of the above transactions, prepare accrual basis journal entries. 2. Calculate the company's preliminary net income. Complete this question by entering your answers in the tabs below. For each of the above transactions, prepare accrual basis journal entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) For each of the above transactions, prepare accrual basis journal entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 45678 Borrowed $98,500 from a bank, signing a short-term note payable. Record the transaction. Note: Enter debits before credits