At year$-$end, $$26,600$ was still due to suppliers of inventory purchased on credit.

At year$-$end, inventory costing $$41,600$ still remained on hand.

Salaries owed to employees at year$-$end amounted to $$3,900.$

On December $1,$$$1,800$ in rent was paid to the owner of the building used by McGuire. This represented rent for the months of December through February.

The office equipment, which has a ten$-$year life and no salvage value, was purchased on January $1,2024.$ Straight$-$line depreciation is used.