T/A No. Date 1 1/1/22 2 1/1/22 3 1/1/22 4 1/1/22 5 1/1/22 9 1/1/22 T/A Description PSU received the initial investments (capital) of $500,000 of Cash and $500,000 of Land valued at Appraisal Value from its shareholders. PSU signed a lease contract for its facility and made $10,000 of security deposit (refundable). The lease term includes the following terms: three-year lease term, matured on December 31, 2024. $10,000 of security deposit will be paid back at the end of lease term. PSU paid the first month rent of $5,000 for Jan 2022. PSU purchased an office furniture at cost of $7,000 with paying cash. PSU management estimates the useful life of the office furniture is 5 years with salvage value of $1,000. PSU purchased a computer system from Amazon.com at $1,200 with a credit card. PSU management estimates that the useful life of computer system is three year with no salvage value. PSU purchased a used delivery truck at cost of $40,000 with a down payment of $10,000 in cash and with a three-month auto loan for the principle of $30,000. The loan term indicates that the maturity date is March 31, 2022 and the interest of the loan is 12% per year. The borrower should pay monthly interest at the first day of each month. The principle of the loan must paid at the end of the loan term along with the last month interest. PSU management estimates the useful life of the truck is 5 years with $10,000 of salvage value