Help Save & Exit Submit Check my work 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 $89,500 from a bank, signing a short-term note payable. b. Provided $106,500 in service to customers, with $100,700 on account and the rest received in cash c. Purchased equipment for $187,000 in cash d. Incurred and paid employee wages of $1,400. e. Received $875 on account from a customer f Incurred and paid $4,600 cash for travel costs during the year g. Paid $9,000 cash on accounts payable h. Incurred $30,300 in utility expenses during the year, of which $23.700 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 " Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 Borrowed $89.500 from a bank, signing a short-term note payable. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal ter 3 Connect Assignment 14 Sevac Help Save & Exit Submit Check my work 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 $89,500 from a bank, signing a short-term note payable b. Provided $106,500 in service to customers, with $100,700 on account and the rest received in cash c. Purchased equipment for $187,000 in cash d. Incurred and paid employee wages of $1,400 e. Received $875 on account from a customer incurred and paid $4,600 cash for travel costs during the year g. Paid $9,000 cash on accounts payable. h. Incurred $30,300 in utility expenses during the year, of which $23,700 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" Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 4 5 6 7 8 Provided $106,500 in service to customers, with $100,700 on account and the rest received in cash. Record the transaction. Note: Enter debits before credits Transaction b General Journal Debit Credit Record entry Clear entry View general journal < Prev 3 of 8 Next r3 Connect Assignment Saved Help Save & Exit Submit Check my work 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 $89,500 from a bank, signing a short-term note payable. b. Provided $106,500 in service to customers, with $100,700 on account and the rest received in cash. c. Purchased equipment for $187,000 in cash d. Incurred and paid employee wages of $1,400. e. Received $875 on account from a customer fincurred and paid $4,600 cash for travel costs during the year g. Paid $9,000 cash on accounts payable h. Incurred $30,300 in utility expenses during the year, of which $23.700 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" Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 Purchased equipment for $187,000 in cash. Record the transaction. Note: Enter debits before credits. Transaction i General Journal Debit Credit Record entry Clear entry View general journal B 01:32:04 L Book int 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 $89,500 from a bank, signing a short-term note payable. b. Provided $106,500 in service to customers, with $100,700 on account and the rest received in cash. c. Purchased equipment for $187,000 in cash. d. Incurred and paid employee wages of $1,400. e. Received $875 on account from a customer. Incurred and paid $4,600 cash for travel costs during the year g. Paid $9,000 cash on accounts payable. h. Incurred $30,300 in utility expenses during the year, of which $23,700 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. Fint Complete this question by entering your answers in the tabs below. ences 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" Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 5 6 7 8 Incurred and paid employee wages of $1,400. Record the transaction. Note: Enter debits before credits. Transaction: a General Journal Debit Credit Record entry Clear entry View general journal Submit 12.5 3 points 01:31:44 eBook Hint Print References Check my work 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 $89,500 from a bank, signing a short-term note payable b. Provided $106,500 in service to customers, with $100,700 on account and the rest received in cash. c. Purchased equipment for $187,000 in cash d. Incurred and paid employee wages of $1,400 e. Received $875 on account from a customer Incurred and paid $4,600 cash for travel costs during the year 9. Paid $9,000 cash on accounts payable. h. Incurred $30,300 in utility expenses during the year, of which $23.700 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 " Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 Received $875 on account from a customer. Record the transaction Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry 5 3 Check my work 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 013132 Book a. Borrowed $89,500 from a bank, signing a short-term note payable. b. Provided $106,500 in service to customers, with $100,700 on account and the rest received in cash c. Purchased equipment for $187,000 in cash d. Incurred and paid employee wages of $1,400. e. Received $875 on account from a customer Incurred and paid $4,600 cash for travel costs during the year g. Paid $9,000 cash on accounts payable. h. Incurred $30,300 in utility expenses during the year, of which $23,700 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. ences) 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 Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 8 Incurred and paid $4.600 cash for travel costs during the year. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Pra Submit 5 3 01:31:20 Book 01 H Print Check my work 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 $89,500 from a bank, signing a short-term note payable. b. Provided $106,500 in service to customers, with $100,700 on account and the rest received in cash. c. Purchased equipment for $187,000 in cash. d. Incurred and paid employee wages of $1,400 e Received $875 on account from a customer Incurred and paid $4,600 cash for travel costs during the year g. Paid $9,000 cash on accounts payable. h. Incurred $30,300 in utility expenses during the year, of which $23,700 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. erences 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 Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 Paid $9,000 cash on accounts payable. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 3 013109 Book Hint Print Check my work 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 $89,500 from a bank, signing a short-term note payable b. Provided $106,500 in service to customers, with $100,700 on account and the rest received in cash c. Purchased equipment for $187,000 in cash d. Incurred and paid employee wages of $1,400, e. Received $875 on account from a customer Incurred and paid $4,600 cash for travel costs during the year g. Paid $9,000 cash on accounts payable h. Incurred $30,300 in utility expenses during the year, of which $23,700 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. erences 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 " Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 Incurred $30.300 in utility expenses during the year, of which $23,700 was paid in cash and the rest owed on account. Record the transaction. Note: Enter debits before credits. Transaction: h General Journal Debit Credit Record entry Clear entry View general journal < Prev 3 of 8 Next >