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Sysco, formed in 1969, America's largest marketer and distributor of food service products, serving nearly 250,000 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 Borrowed S80,000 from a bank, signing a short term note payable. b. Provided $100,000 in service to customers, with $95.000 on account and the rest received in cash. c. Purchased equipment for $130.000 in cash dl. Incurred and paid employee wages of S1000 e Receved $410 on account from a customer. lacurred and paid $4,000 cash for travel costs during the year. Paid $9.200 cash on accounts payable. Ir. Incurred $20,000 in utility expenses during the year, of which $15.000 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 2 For each of the above transactions, prepare accrual basis foumal entries. If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) Www tamancomat Journal entry worksheet Borrowed $80,000 from a bank, signing a short-term note payable. Record the transaction. Not: Enter debts before credits Transaction General Journal Debit Vw g al journal Sysco, formed in 1969. Is America's largest marketer and distributor of food service products, serving nearly 250,000 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 $80,000 from a bank, signing a short-term note payable. b. Provided $100,000 in service to customers, with $95.000 on account and the rest received in cash. c. Purchased equipment for $130.000 In cash. d! Incurred and paid employee wages of $1,000. e Received $410 on account from a customer. f. Incurred and paid $4.000 cash for travel costs during the year. g. Pald $8.200 cash on accounts payable. h. Incurred $20,000 in utility expenses during the year, of which $15,000 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 : Required 2 Required 2 Calculate the company's preliminary net income. Preliminary Net Income Required 1 Required 2 >