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 $82,500 from a bank, signing a short-term note payable. b. Provided $108,500 in service to customers, with $103,300 on account and the rest received in cash c. Purchased equipment for $222,000 in cash. a. Incurred and paid employee wages of $2,050. e. Received $575 on account from a customer. Incurred and paid $5,000 cash for travel costs during the year. 9. Paid $7,200 cash on accounts payable. h. Incurred $28,300 in utility expenses during the year, of which $21,500 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 1 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 View transaction list Journal entry worksheet