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Baraco is a very famous restaurant, located in a Banff Rocky Mountain Resort of AB$.$ Baraco Company Ltd$.$ is formed as a corporation January $1,2023.$ As the Controller of the company, you are required to manage the following transactions, record the journal entries including the adjusting journal entries, GST returns, file a payroll return with CRA, prepare the period end financial statements, and various cost reports and financial analysis reports.Transaction $1$Transaction $1$: January $1,2023,$ common shares are issued for $$500,000$ cashDrCr.Transaction $2$Due to shortage of cash for the business operations, on January $1,2023,$ the company borrowed $$400,000$ from CIBC bank at $7\mathrm{.}50\%$ interest rate. The current portion of the loan is $$3,687,$ the long$-$term portion is $$396,313.$Dr$.$Cr$.$Cr$.$Transaction $3$On Janauary $1,2023,$ Baraco paid $$4,200$ to EBS Insurance for a $1-$year business insurance policy with the insurance coverage beginning on lan. $1,2023.$DCrTransaction $4$On Jan. $1,2023,$ Baraco signed a rent lease agreement with the landloard, HELMP, and paid three months rent in advance to HELMP for $$105,000,$ $$35,000$DrCr$.$Transaction $5$January $5,2023,$ Braco purchased an office furniture for $$200\mathrm{.}000$ plust GST on account from Leon's furniture store.Dr$.$Cr$.$Transaction $6$January $6,2023,$ Braco hired a contractor, Universal Co$.$ to conduct the renovation for the restaurant for $$350,000$ plus GST$.$ The project was completed on January $31,2023.$ $$200,000$ was paid in cash, the balance was on accountDr

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