Fairmont, Inc. owns a collection of luxury hotels, resorts, and lodging properties. The following hypothetical June transactions are typical of those that occur at the resorts. a. Borrowed $3,600,000 from the bank on June 1, signing a note payable due in six months. b. Purchased a new service truck for $82,000 cash on June 30. c. Purchased bathing suit inventory for $25,000 on account to sell in the beach shops. d. Incurred $51,000 in routine repairs expenses for the pool chairs; paid cash. e. Sold $450,000 of July through September season passes and received cash. f. Sold beach umbrellas from inventory in a beach shop to a customer for $450 on account. (The cost of the umbrellas was $240.) (Hint: record two entries)g. Sold beach chair rentals in June for a total of $175,000 in cash. h. Received a $2,900 deposit on a townhouse to be rented for five days in July. i. Paid half the charges incurred on account in (c). j. Received $200 on accoun