Check my work 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 $65,000 cash from a personal savings account to a checking account in the name of Sony Electric 2 The company rented office space and paid $1,900 cash for the December rent. 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. 5 The company purchased office supplies by paying $800 cash. 6 The company completed electrical work and immediately collected $1,300 cash for these services. 8 The company purchased $2,550.of office equipment on credit. 15 The company completed electrical work on credit in the amount of $6,000. 18 The company purchased $460 of office supplies on credit. 20 The company paid $2,550 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 $6,000 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,800 cash for this month. 30 The company paid $568 cash for this month's utility bill. 31 Sanyu Sony withdrew $970 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.) Assets Office Supplies 5. Sony, Liabilities Accounts Payable Equity S. Sony Revenues Withdrawals Accounts Receivable Office Equipment Dato Electrical Equipment Expenas Cash Capital . Doc + 1 2 + . 0. 0. 0 ol 0 0 0. ! ol Bal Prev o 5 11: Next > a. The company completed consulting work for a client and immediately collected $7.400 cash earned. b. The company completed commission work for a client and sent a bill for $5,900 to be received within 30 days. c. The company paid an assistant $2,350 cash as wages for the period. d. The company collected $2,950 cash as a partial payment for the amount owed by the client in transaction b. e. The company paid $1080 cash for this period's cleaning services, Required: Enter the impact of each transaction on individual items of the accounting equation (Enter decreases to account balances with a minus sign.) Assets Cash Accounts Receivable $ 7,400 Liabilities Accounts Payable + Owner, Capital Equity Owner, + Withdrawals + Revenue Expenses a + $ 7,400 . b Bal 7,400 + 0 01 - 0 04 7,400 - 0 + + + 7,400 - 0 0 + 0 0 + 7.400 0 Bal d III + + Bal 0 0 + 0 0 + 7,400 0 e. 7,400 + + 7,400 + = + + Bal 0 0 + 0 0 + 7,400 - 0
