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 $$83,000$ from a bank, signing a short$-$term note payable.

b$.$ Provided $$110,900$ in service to customers, with $$104,500$ on account and the rest received in cash.

c$.$ Purchased equipment for $$204,000$ in cash.

d$.$ Incurred and paid employee wages of $$2,400.$

e$.$ Received $$820$ on account from a customer.

f$.$ Incurred and paid $$5,450$ cash for travel costs during the year.

g$.$ Paid $$9,700$ cash on accounts payable.

h$.$ Incurred $$26,400$ in utility expenses during the year, of which $$20,800$ was paid in cash and the rest owed on account.

Required:

For each of the above transactioms, prepare accrual basis journal entries.

Calculate the company's preliminary net income.