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 piatas. The company started business in September and had the following transactions in its first month:

Analyze and record these transactions. (Enter amounts that decrease account balance using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Indicate whether it is Revenues, Expenses or Dividends declared in the last column. In case if there is no effect then select "Not Applicable". Post entries in the order presented in the problem statement.)

Date: Sept. 1 1 3 8 Bounce House Party Supply Ltd. issued 38,400 common shares for $249,600 cash. The company took out a $153,600 bank loan with an interest rate of 6%. The loan terms require that Bounce repay $2,900 in principal on the last day of each month plus interest. Bounce purchased 10 inflatable slides and bouncy castles at a cost of $134,400. The company paid $96,000 at the time of purchase, and the balance is due in 30 days. Bounce purchased balloons and other party supplies costing $6,300 on account. A major local company paid Bounce a $2,400 deposit to reserve all of Bounce's inflatables for a grand opening function that is scheduled for the second week in October. (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 $8,300 and (b) the inventory related to these sales was determined to have a cost of $5,500. Bounce paid the suppliers $1,600 for goods previously purchased on account. Collections from customers on account totalled $3,300. Bounce made the loan payment required under the terms of the borrowing agreement. 11 15 19 23 30 Assets Accounts Receivable te/Ref. Inflatable Equipment Cash Inventory $ $ Sept. 1 Sept. 3 Sept. 8 Sept. 11 Sept. 15 Sept. 19 Sept. 23 Sept. 30 $ $ $ (a) $ (b) $ $ Principal $ Interest $ Loan Payable Shareholders' Equity Common Shares Retained Earnings Revenues/Expenses/ Dividends Declared Not Applicable Devidends Declared Expenses Revenues