The Accounting Cycle $-$ Problem Set ABC Company Ltd$.$

Summary of transactions during December:

Paid outstanding tax payables.

Paid outstanding trade creditors in the amount of $1500.$

Received a bank transfer for $3000$ from a customer for services rendered in October.

Purchase of $850$ of Equipment on credit.

Performed advertisement services for Customer $xYZ,$ for which we will receive $700$ in $14$

days.

Performed consulting services for the amount of $850,$ cash was immediately received.

Paid rent for office in the amount of $500$ in cash.

Purchase of office supplies for $700$ paid in cash.

We performed additional consulting work, $2000$ on credit.

Paid salaries to employees of $1000.$

At the end of the month Company repaid to the Bank credit tranche $1000$ and paid

interest charges $($interest rate as of $7\%$ p$.$a$.)$

The cost of office supplies inventory used during December is $500.$

Depreciation of equipment for December amounts to $250.$

can you help me for questions $1-13$

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