Problems $($Group A$)$

P$21$A Baycrest Cinema Company owns movie theatres. Baycrest Cinema engaged in the following transactions in November $2022$:

Nov.

$1$

Darrell Palusky invested $$350,000$ personal cash in the business by depositing that amount in a bank account titled Baycrest Cinema Company. The business gave capital to Palusky.

$1$

Paid November$$s rent on a theatre building with cash, $$6,000.$

$2$

Paid $$320,000$ cash to purchase land for a theatre site.

$5$

Borrowed $$220,000$ from the bank to finance the first phase of construction of the new theatre. Palusky signed a note payable to the bank in the name of Baycrest Cinema Company.

$10$

Purchased theatre supplies on account, $$1,000.$

$16$

Paid employees$$ salaries of $$2,900$ cash.

$22$

Paid $$600$ on account.

$28$

Palusky withdrew $$8,000$ cash.

$29$

Paid property tax expense on the land for the new theatre, cash of $$1,400.$

$30$

Received $$20,000$ cash from service revenue and deposited that amount in the bank.