ssignment $(5$Qs$)$

The accounting records of LeClaire Delivery Services show the following assets and liabilities as of the end of $2023$ and $2022$ :

During December $2023$ the owner, Jess LeClaire, purchased a small office building and moved the business from rented quarters to the new building. The building and the land it occupies cost $$136,500.$ The business paid $$72,000$ in cash and a note payable was signed for the balance. LeClaire had to invest $$18,700$ cash in the business to enable it to pay the $$72,000.$ The business earned a profit during $2023,$ which enabled LeClaire to withdraw $$2,700$ per month from the business for personal expenses.