1. Customers owed the company $14,000 at year-end.
2. At year-end, $25,900 was still due to suppliers of merchandise purchased on credit.
3. At year-end, merchandise inventory costing $40,400 still remained on hand.
4. Salaries owed to employees at year-end amounted to $3,600.
5. On December 1, $1,500 in rent was paid to the owner of the building used by the company. This represented rent for the months of December through February.
6. The office equipment, which has a 10-year life and no salvage value, was purchased on January 1, 2019. Straight-line depreciation is used.