Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 ! Part 1 af 2 5 0 points eBook R erence: Required information [ The following informotion opplies to the questions displayed below. ]

1
!
Part 1 af 2
50
points
eBook
Rerence:
Required information
[The following informotion opplies to the questions displayed below.]
Sanyu Sony started a new business and completed these transactions during December.
December 1 sanyu sony transferred $68,100 cash from a personal savings account to a checking account in the name of Sony Electric in exchange for its cormon stock.
December 2 The company paid $1,100 eash for the December rent.
Oecember 3 The company purchased $14,400 of electrical equipnent by paying $6,200 eash and agreeing to pay the $8,200 balance in 30 days
December 5 The company purchased supplies by paying $800 cash.
December 6 the company completed electrical work and intediately collected $1,580 eash for these services.
December 8 the company purchased $2,500 of office equipment on credit.
Decerber 15 The company completed electrical work on eredit in the arount of $4,200.
December 18 The company purchased $400 of supplies on eredit.
Decerber 20 The company paid $2,500 cash for the office equipnent purchased on oecember 8
December 24 The company billed a client $1,000 for electrical work completed; the balance is due in 30 days.
Decerber 28 The company received $4,280 cash for the work completed on Decomber 15
Decerber 29 The company paid the assistant's salary of $1,500 cash for this month.
December 30 The company paid $540 cash for this month's utility bill
Decenber 31 The company paid $958 eash in dividends to the owner (sole shareholder)
Required:
Enter the amount of each transaction on individual items of the accounting equation.
Note: Enter reductions to account balances with a minus sign.
**** please fill out chart for me ***
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Bond Credit Analysis Framework And Case Studies

Authors: Frank J. Fabozzi

1st Edition

9781883249915

More Books

Students also viewed these Accounting questions