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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

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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 $92.500 from a bank, signing a short-term note payable. b. Provided $102,400 in service to customers, with $96.400 on account and the rest received in cash. c. Purchased equipment for $183,000 in cash. d Incurred and paid employee wages of $1,100. e Received $680 on account from a customer fincurred and paid $4.450 cash for travel costs during the year g. Paid $9.400 cash on accounts payable. h. Incurred $25,800 in utility expenses during the year, of which $20,200 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. Required i Required 2

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