1 Part 1 of 2 03:28:39 Required information [The following information applies to the questions displayed below.] Sanyu Sony started a new business and completed these transactions during December. December 1 Sanyu Sony transferred $67,500 cash from a personal savings account to a checking account in the name of Sony Electric. December 2 The company paid $1,000 cash for the December rent. December 3 The company purchased $14,100 of electrical equipment by paying $5,900 cash 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 immediately collected $1,300 cash for these services. December 8 The company purchased $2,620 of office equipment on credit. December 15 The company completed electrical work on credit in the amount of $4,400. December 18 The company purchased $340 of supplies on credit. December 20 The company paid $2,620 cash for the office equipment purchased on December 8. December 24 The company billed a client $900 for electrical work completed; the balance is due in 30 days. December 28 The company received $4,400 cash for the work completed on December 15. December 29 The company paid the assistant's salary of $1,300 cash for this month. December 30 The company paid $590 cash for this month's utility bill. December 31 Sanyu Sony withdrew $980 cash from the company for personal use. Required: 1. Enter the amount of each transaction on individual items of the accounting equation. (Enter reductions to account balances with a minus sign.) Date Assets Cash Accounts Receivable Supplies + Office Equipment Electrical Equipment Liabilities Accounts Payable S. Sony, Capital S. Sony, Withdrawals Equity + Revenues Expenses December 1 December 2 = Balance after December 1 and December 2 December 3 0+ 0 + 0+ 0 + 0 = 0+ 0 - 0 + 0- 0 + + + " + + Balance after December 3 0 0 + 0 0 + 0 0+ 0- 0 + 0 0 December 5 + + + + Balance after December 5 0 + 0 + 0 + 0+ 0 = 0 + 0 0+ 0 0 December 6 Balance after December 6 0 + 0 +0 + + = + + 0 + 0 = 0+ 0 0 + 0 0 December 8 + + + = + + Balance after December 8 0 + 0 + 0+ 0+ 0 = 0 + 0- 0 + 0 0 December 15 + + = + Balance after December 15 0 + 0 + 0 + 0 + 0 + 0 - 0 + 0- 0 December 18 + + + " + + Balance after December 18 0 0 + 0 + + 0 0 + 0 - 0 + 0 0 December 20 + + + + + Balance after December 20 December 24 0+ 0 + 0+ 0 + 0 = 0+ 0 0 + 0 0 + + + = + Balance after December 24 December 28 0 + 0 + 0 0 + 0 = 0 0- 0 + 0 0 + + = Balance after December 28 0 + 0 + 0 + 0 + 0 = 0+ 0- 0 December 29 + + + + + 0 0 Balance after December 29 0 + 0 + 0 + 0 + 0 " 0+ 0- 0 + 0 0 December 30 + + Balance after December 30 0+ 0 + 0+ 0 + 0- 0 + 0 0+ 0 0 December 31 + + + = + + Balance after December 31 $ 0 + $ 0 + $ 0+ $ 0+ $ 0 = $ 0 $ 0 $ 0 + $ 0 $ 0