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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

  1. Estimated electricity usage at $450 for December; to be paid in January of next year.
  2. 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.
  3. 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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