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Party Time Amusements Company owns movie theaters. Party Time engaged in the following business transactions...

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Party Time Amusements Company owns movie theaters. Party Time engaged in the following business transactions in 2015: January 1 Darrell Palusky invested $350,000 personal cash in the business by depositing that amount in a bank account titled Party Time Amusements. The business gave capital to Palusky. 2 Paid $320,000 cash to purchase a theater building. 5 Borrowed $220,000 from the bank. Palusky signed a note payable to the bank in the name of Party Time. 10 Purchased theater supplies on account, $1,000 15 Paid $600 on account. 15 Paid property tax expense on theater building. $350. 16 Paid employees' salaries $2,900, and rent on equipment $1,300. 28 Palusky withdrew $8,000 30 Received $20,000 cash from service revenue and deposited that amount in the bank Party Time Amusements uses the following accounts: Cash Supplies Building Accounts Payable Notes Payable Darrell Palusky, Capital Withdrawals Service Revenue Salary Expense Rent Expense Property Tax expense Required: - Balance Sheet accounts'ending balances as of January 31, 2020. - Balances of the Income Statement accounts for the month ended January 31, 2020

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