On October $01,202$x$,$ James T$.$ Picard started a new kitchen cabinet making business that he calls Make It So Kitchens and Cabinets. In the month of October, the following transactions were completed: $($a$)$ Began the business by depositing $$25,000$ of his personal funds in a bank account opened in the name of the business. $($b$)$ Purchased insurance for the year for $$4,200.($c$)$ Paid three months rent in advance on a shop building, $$2,250.($d$)$ Purchased shop machinery costing $$24,000.$ Paid $$10,000$ in cash and signed a promissory note payable for the balance. $($e$)$ Purchased shop materials costing $$5,000$ on credit. $($f$)$ Delivered cabinetwork to a customer and collected $$2,500$ cash on delivery. $($g$)$ Delivered $$3,000$ of cabinetwork to a customer, Tim Davis. Davis paid $$1,000$ in cash at delivery and promised to pay the balance within a few days. $($h$)$ Sold Tanvir Gill cabinets worth $$7,500.$ $$1,000$ was paid in cash and the remaining $$6,500$ is to be paid in two equal installments in October and November. $($i$)$ Received $$500$ from A&C Lighting for repairs to their cabinetry. $($j$)$ Paid employee wages for the first half of the month, $$3,500.($k$)$ Completed and delivered cabinetwork to Junjie Leung on credit for $$4,000.($l$)$ Received the $$2,000$ check from Tim Davis for the balance due on the work delivered earlier this month. $($m$)$ Purchased additional shop supplies on credit for $$1,500.($n$)$ Junjie Leung paid for the work delivered to him on credit earlier this month, $$4,000.($o$)$ Paid $$5,000$ for the shop supplies purchased on credit earlier this month. $($p$)$ Paid the wages of the employees for the last half of the month, $$3500.($q$)$ Paid the hydro bill, $$400.($r$)$ Purchased $$3,000$ of materials needed to make cabinets on credit. $($s$)$ Received $$400$ from Gurjot Singh for repairs to cabinetry $($t$)$ James T Picard withdrew $$4,000$ for personal expenses. $($u$)$ Paid DS Delivery Services $$350$ for delivery services during the month. $($v$)$ Provided Tanvir Gill with a $$250$ credit to account for some minor flaws in workmanship. $($w$)$ Took out a $$10,000$ bank loan to take advantage of a bulk sales discount on shop materials. $($x$)$ Bought $$9,000$ of shop materials. $($y$)$ Paid $$1,500$ for shop materials purchased earlier in the month.