Assessment - Financial Statements - 150 point Assignm... 0 Saved Help Save & Exit Submit 1 Required information {The following information applies to the questions displayed below.) Part 1 of 2 8 X 01:5145 Sanyu Sony started a new business and completed these transactions during December. Dec. 1 Sanyu Sony transferred $65,000 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 $1,700 cash for the December rent. 3 The company purchased $13,000 of electrical equipment by paying $4,800 cash and agreeing to pay the $8,209 balance in 30 days. 5 The company purchased office supplies by paying $1,800 cash. 6 The company completed electrical work and immediately collected $1,200 cash for these services. 8 The company purchased 52,520 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $6,500. 18 The company purchased 5498 of office supplies on credit. 20 The company paid $2,520 cash for the office equipment purchased on December 8. 24 The company billed a client $900 for electrical work completed; the balance is due in 30 days. 28 The company received $6,500 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,400 cash for this month. 38 The company paid $580 cash for this month's utility bill. 31 The company paid $950 cash in dividends to the owner (sole shareholder). Required: 1. Enter the amount of each transaction on individual items of the accounting equation. (Enter reductions to accounting balances with a minus sign.) Assets Office Supplies Date Accounts Receivable Liabilities Accounts Payable Cash Office Equipment + Equity Dividends + Revenues - Electrical Equipment + Expenses Common Stock + $ 65,000 Dec. 11 s 1 S + + 2 65.000 + (1,000) + 64,000 + = + + 1,000 1,000 Bal ol + ol + 0 0 + 0 = 0 + + 65,000 - 0 + 0 - 3 + + + Bal 64.000 + o + 0 + 0 + 0 = 0 + 65,000 - 0 + 0 - 1,000