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 $125,000 from a bank, signing a short-term note payable. b. Provided $102,600 in service to customers, with $97,400 on account and the rest received in cash, c. Purchased equipment for $175,000 in cash d. Incurred and paid employee wages of $2,250 e. Received $745 on account from a customer. Incurred and paid $4,200 cash for travel costs during the year g. Paid $8,000 cash on accounts payable h. Incurred $22.500 in utility expenses during the year, of which $16,900 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 11 Required 2 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.) View transaction list Journal entry worksheet 2 3 4 5 6 7 8 Borrowed $125,000 from a bank, signing a short-term note payable. Record the transaction. Note: Enter debits before credits Transaction a pe here to search General Journal Debit Credit 20 < Prev 3 of 8 Next >