can someone please help me understand how to plug in these charts for this question. ive scowered the internet for videos to help and I can't grasp the concept. TIA
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 $68,000 cash fron a personal savings account to a checking account in the name of Sony Electric in exchange for its coemon stock. December 2 The company paid $1,900 cash for the December rent. December 3 The company purchased $14,700 of electrical equipment by paying $6,500 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 imodiately collected $1,600 cash for these services. December 8 The company purchased $3,000 of office equipent on credit. December 15 The company completed electrical work on credit in the amount of $4,000. Docomber 18 The company purchased $500 of supplies on credit. Decenber 20 The company paid $3,000 cash for the office equipent purchased on Decenber 8 . December 24 The company billed a client $900 for electrical work completed; the balance in due in 30 days. Docember 28 The conpany received $4,000 cash for the vork completed on December 15. December 29 The company paid the assistant's salary of $1,600 cash for this month. December 30 The company paid $590 cash for this nonth's utility bill. December 31 The company paid $920 cash in dividends to the owner (sole shareholder). 2-a. Prepare the income statement for the current month. 2-b. Prepare the statement of retained earnings for the current month. 2-c. Prepare the balance sheet as of the end of the month. 3. Prepare the statement of cash flows for the current month. Complete this question by entering your answers in the tabs below. Prepare the statement of retained earnings for the current month. 2-a. Prepare the income statement for the current month. 2-b. Prepare the statement of retained earnings for the current month. 2-c. Prepare the balance sheet as of the end of the month. 3. Prepare the statement of cash flows for the current month. Complete this question by entering your answers in the tabs below. Prepare the balance sheet as of the end of the month. 2-b. Prepare the statement of retained earnings for the current month. 2-c. Prepare the balance sheet as of the end of the month. 3. Prepare the statement of cash flows for the current month. Complete this question by entering your answers in the tabs below. Prepare the statement of cash flows for the current month. Note: Cash outflows should be indicated with a minus sign. 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 $68,000 cash fron a personal savings account to a checking account in the name of Sony Electric in exchange for its coemon stock. December 2 The company paid $1,900 cash for the December rent. December 3 The company purchased $14,700 of electrical equipment by paying $6,500 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 imodiately collected $1,600 cash for these services. December 8 The company purchased $3,000 of office equipent on credit. December 15 The company completed electrical work on credit in the amount of $4,000. Docomber 18 The company purchased $500 of supplies on credit. Decenber 20 The company paid $3,000 cash for the office equipent purchased on Decenber 8 . December 24 The company billed a client $900 for electrical work completed; the balance in due in 30 days. Docember 28 The conpany received $4,000 cash for the vork completed on December 15. December 29 The company paid the assistant's salary of $1,600 cash for this month. December 30 The company paid $590 cash for this nonth's utility bill. December 31 The company paid $920 cash in dividends to the owner (sole shareholder). 2-a. Prepare the income statement for the current month. 2-b. Prepare the statement of retained earnings for the current month. 2-c. Prepare the balance sheet as of the end of the month. 3. Prepare the statement of cash flows for the current month. Complete this question by entering your answers in the tabs below. Prepare the statement of retained earnings for the current month. 2-a. Prepare the income statement for the current month. 2-b. Prepare the statement of retained earnings for the current month. 2-c. Prepare the balance sheet as of the end of the month. 3. Prepare the statement of cash flows for the current month. Complete this question by entering your answers in the tabs below. Prepare the balance sheet as of the end of the month. 2-b. Prepare the statement of retained earnings for the current month. 2-c. Prepare the balance sheet as of the end of the month. 3. Prepare the statement of cash flows for the current month. Complete this question by entering your answers in the tabs below. Prepare the statement of cash flows for the current month. Note: Cash outflows should be indicated with a minus sign
