Bounce House Party Supply Ltd$.$ rents bouncy castles and inflatable slides for parties, school fairs, and company picnics. The company also sells party supplies such as balloons, streamers, and pi$$atas$.$ The company started business in September and had the following transactions in its first month:

Date:

Sept. $1$ Bounce House Party Supply Ltd$.$ issued $44,000$ common shares for $$286,000$ cash.

$1$

The company took out a $$176,000$ bank loan with an interest rate of $6\%.$ The loan terms require that Bounce repay $$3,300$ in principal on the last day of each month plus interest.

$3$

Bounce purchased $10$ inflatable slides and bouncy castles at a cost of $$154,000.$ The company paid $$110,000$ at the time of purchase, and the balance is due in $30$ days.

$8$ Bounce purchased balloons and other party supplies costing $$7,300$ on account.

$11$

A major local company paid Bounce a $$2,800$ deposit to reserve all of Bounce's inflatables for a grand opening function that is scheduled for the second week in October.

$15($a$)$ Bounce recorded its party supply sales of the first two weeks of the month. Total sales $($half in cash and half on account$)$ amounted to $$9,500$ and $($b$)$ the inventory related to these sales was determined to have a cost of $$6,300.$

$19$ Bounce paid the suppliers $$1,900$ for goods previously purchased on account.

$23$ Collections from customers on account totalled $$3,700.$

$30$ Bounce made the loan payment required under the terms of the borrowing agreement.