Baraco is a very famous restaurant, located in a Banff Rocky Mountain Resort of AB Baraco Company Ltd is formed as a corporation January 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 Transaction : January common shares are issued for $ cashDrCr.Transaction Due to shortage of cash for the business operations, on January the company borrowed $ from CIBC bank at interest rate. The current portion of the loan is $ the longterm portion is $DrCrCrTransaction On Janauary Baraco paid $ to EBS Insurance for a year business insurance policy with the insurance coverage beginning on lan. DCrTransaction On Jan. Baraco signed a rent lease agreement with the landloard, HELMP, and paid three months rent in advance to HELMP for $ $DrCrTransaction January Braco purchased an office furniture for $ plust GST on account from Leon's furniture store.DrCrTransaction January Braco hired a contractor, Universal Co to conduct the renovation for the restaurant for $ plus GST The project was completed on January $ was paid in cash, the balance was on accountDr