PART A $(17$ marks$)$

Aruba is a global enterprise with core competencies in investing, developing, producing and marketing a broad range of products in different parts of the world. On October $1,2023,$ the company launched business operation called Yomi Ltd$.$ in South Africa.

Yomi adopted the calendar year for financial reporting purposes and expected to prepare the company's first set of financial statements on December $31,2023.$ The company conducted transactions during the year as following.

a$.$ On Oct $1,$ the company purchased an office building by paying $$600,000$ for cash and signing an $8\%5-$year note payable for $$900,000,$ interest payable semi$-$annually on March $31$ and September $30$ each year. The principal is payable on maturity.

b$.$ On Oct $2,$ the company acquired new equipment for $$270,000$ by issuing $25,000$ ordinary shares with par at $$5$ each.

c$.$ On Oct $15,$ the company purchased $$6,500$ office supplies on credit and recorded as an expense.

d$.$ On Nov $1,$ the company paid $$7,200$ cash for three years' premium on a fire insurance policy and debited the whole amount to Prepaid Insurance account.

e$.$ On Dec $5,$ a long$-$term investment in bonds, originally purchased for $$500,000,$ was sold for $$458,000$ cash.

f$.$ On Dec $18,$ the company paid a cash dividend of $$64,000.$

$-$g$.$ On Dec $30,$ the company sold goods for $$120,000$ to customers under credit term of $2/30,\frac{n}{75}.$ The goods sold with a $90-$day warranty and the company estimated $4\%$ of the sales to need warranty repairs.

h$.$ On Dec $31,$ the company received cash $$9,200$ from a customer for goods to be delivered in January next year.

Additional information

Six employees, each of whom earned wages of $$400$ per day, worked for $21$ days in December to be paid in January next year.

A physical count of office supplies at Dec $31$ showed $$2,340$ of supplies avalable.

The building has a useful life of $30$ years and no residual value. Straight$-$line depreciation method is used.

The equipment has a useful life of $6$ years and a residual value of $$25,000,$ Doubledeclining$-$balance method is used.

Reguired $($Explanation is not necessary$)$

Prepare journal entries to record all of the above transactions, including all necessary adjusting entries accompanying detailed calculation processes as of year$-$end, based on the information given. $($Write the answers in the table provided below$)$