Pharoah Meat $Ltd.(PML)is$ a commercial distributor $of$ plant$-$based meat substitutes $to$ grocery stores and chains $in$ Western Canada.

$PML$ and the company's management team have successfully grown the operation $to$ the point where they are able $to$ distribute their products nationally. $PML$ had the following transactions $in$ the month $of$ September:

Sept. $1PML$ borrowed $$25,000$ from the bank. The interest rate $on$ the loan $is6\%$ per annum, and the terms $of$ the loan state that the loan $istobe$ repaid $at$ the end $of$ each month $in$ the amount $of$ $$1,875$ per month plus interest.

$1$

$PML$ renewed the annual insurance policy covering its warehouse and paid the premium for the $12-$month policy $in$ the amount $of$ $$6,900.$ The term $of$ the policy $is$ from September $1to$ August $31of$ the following year.

$4$ The company purchased inventory $at$ a cost $of$ $$36,800$ from a producer $on$ account.

$10$

$PML$ recorded its sales for the first $10$ days $of$ the month. Total sales $(halfin$ cash and half $on$ account$)$ amounted $to$ $$25,600,$ and the inventory related $to$ these sales was determined $to$ have a cost $of$ $$20,300\mathrm{.}19$

Paid $$6,600to$ suppliers who had previously sold $PML$ inventory $on$ account.

$27$

Paid employee wages $in$ the amount $of$ $$4,000.$

$29$

$PML$ accepted a payment $of$ $$6,600$ from a local independent grocer who placed $an$ order for $660kgof$ plant$-$based sausages $tobe$ delivered $in$ mid$-$October for $an$ Oktoberfest promotion.

$30$

$PML$ made the necessary month$-$end entry related $to$ the insurance policy.

$30$

$PML$ made the necessary month$-$end entry related $to$ record the bank loan.

Analyze and record these transactions. $(Enter$ amounts that decrease account balance using either a negative sign preceding the number $e.g.$

$-45or$ parentheses $e.g.(45).$ Indicate whethes $itis$ Revenues, Expenses $or$ Dividends declared $in$ the last column. $In$ case $if$ there $isno$ effect then select "Not Applicable". Post entries $in$ the order presented $in$ the problem statement.$)$

Assets