furniture. Decaf 2001 for $8.950 Dec 26 Hired an employee total package! Dec 31: Salaries expense for the month amounted to $ 9,700 to be paid on January ST. 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 Note: The Company issues the financials on a yearly basis where financial Year ends on December 31 of each year where 1year=365 days.