Dec $6$: Purchased office equipment from IOC for $$11,700$ & Furniture from FurCo

LTD amount $ $15,200$ to be paid by Mar $20,2001.$

Dec $6$: Offered consulting services for David Hart & Co for $ $33,500$ collected $ $6,700$ in cash, balance due in $30$ days.

Dec $11$: Offered services for various clients for $ $23,750$ collected $$8,250$ in cash, balance due in $30$ days.

Dec $24$: A contract signed with a client to prepare a study for him in February $2001$ for $ $9,850.$ Cash received full in advance.

Dec $26$: Hired an employee total package $ $1,750$ to start on January $1$st$,2001.$

Dec $31$: Salaries expense for the month amounted to $ $9,700$ to be paid on

January $5$th$.$

Dec $31$: Received a Cleaning bill amount $$550$ paid in cash and stationary and office supplies bills amount $3,500$$$,$ advertising amount $$2,350$ received from different suppliers, to be paid before January $10.$

Dec $31$: The owner, John Ryan withdraws $$1,500$ cash for personal use.

$-$ Provision for Electricity bill amount $ $625$ and telephone bill amount $ $1,050$

for December estimated to be received for payment in January $2001.$

The estimated useful life for Decoration & Installations is $15$ years, $5$ years for the Laptops and $12$ years for office equipments and $12$ years for furniture.

Note: The Company issues the financials on a yearly basis where financial Year ends on December $31$ of each year where $1$year$=365$ days.