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2:06 Required information [The following information applies to the questions displayed below.] Sanyu Sony started a new business and completed these transactions during December. Dec.

2:06 Required information [The following information applies to the questions displayed below.] Sanyu Sony started a new business and completed these transactions during December. Dec. 1 Sanyu Sony transferred $64,100 cash from a personal savings account to a checking account in the name of Sony Electric in exchange for its common stock. 2 The company rented office space and paid $1,400 cash for the December rent. 3 The company purchased $13,300 of electrical equipment by paying $5,100 cash and agreeing to pay the $8,200 balance, in 30 days. 5 The company purchased office supplies by paying $900 cash. 6 The company completed electrical work and immediately collected $1,200 cash for these services. 8 The company purchased $2,580 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $4,500. 18 The company purchased $400 of office supplies on credit. 20 The company paid $2,580 cash for the office equipment purchased on December 8. 24 The company billed a client $1,000 for electrical work completed; the balance is due in 30 days. 28 The company received $4,500 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,500 cash for this month. 30 The company paid $510 cash for this month's utility bill. 31 The company paid $970 cash in dividends to the owner (sole shareholder). Date Dec 1 2 Bal. 3 Assets Liabilities Equity Accounts Office Cash + Receivable Supplies Office Equipment + Electrical Equipment Accounts Payable Common Block Dividends Revenues Expenses + + 0+ + + + + + + + + Bal 0 + + + 5 + + Bal 0 + . + + + - 6 + Bal. + + + + + 8 + . 4 + + Bal 0+ + + + 15 . + . + + Bal. 0+ + + + 18 + . + . Bal 0 + . . 20 + + + + . + Bal. + . 24 . . + Bal 0- + + 28 Bal 0+ + + . 4 + + + + 29 . + + Bal 0 + + . . . . 30 4 + + 3 [+] Bai 0 + . . + 31 + + Bal $ 0. + + +

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