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$.$ Paid $$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:

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

Calculate the company's preliminary net income.

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Required $1$

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

Note: If no entry is required for a transaction or event, select $"$No Journal Entry Required" in the first account field.

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