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Estimated electricity usage at $450 for December; to be paid in January of next year. On September 1 of the current year, loaned $6,000 to
- Estimated electricity usage at $450 for December; to be paid in January of next year.
- On September 1 of the current year, loaned $6,000 to an officer who will repay the loan principal and interest in one year at an annual interest rate of 14 percent.
- Owed wages to 10 employees who worked four days at $200 each per day at the end of the current year. The company will pay employees at the end of the first week of next year.
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