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 $96,500 from a bank, signing a short-term note payable. b. Provided $109,500 in service to customers, with $104,300 on account and the rest received in cash. c. Purchased equipment for $170,000 in cash. d. Incurred and paid employee wages of $1,250. e. Received 5730 on account from a customer. [ Incurred and paid $4,100 cash for travel costs during the year. g. Paid $8,800 cash on accounts payable 7. Incurred $25,200 in utility expenses during the year, of which $19,800 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 4 5 8 Borrowing of $96,500 from a bank, signing a short-term note payable. Record the transaction. Note: Enter debits before credits Transaction General Journal Debit Credit a