Given the following data set, answer the ten (10) questions.\

ABC

begins its business on January 1,2022 . The owner invests

$5,000

in cash and

$5,000

of equipment into the business.

ABC

borrows

$5,000

from the bank.

ABC

purchases

$6,000

of equipment, paying cash for it.

ABC

provides consulting services to its customers, receiving

$4,000

in cash and being owed another

$8,000

.

ABC

purchases

$1,000

in various supplies from a vendor, promising to pay for those supplies in the future.

ABC

paid

$3,000

cash for the current month rent and another

$2,000

for utilities.