Question
Enter the amount of each transaction on individual items of the accounting equation Dec. 1 Sanyu Sony transferred $69,400 cash from a personal savings account
Enter the amount of each transaction on individual items of the accounting equation
Dec. 1 Sanyu Sony transferred $69,400 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 an office space and paid $1,100 cash for the December rent.
3 The company purchased $14,300 of electrical equipment by paying $6,100 cash and agreeing to pay the $8,200 balance in 30 days.
5 The company purchased office supplies by paying $1,000 cash.
6 The company completed electrical work and immediately collected $1,700 cash for these services.
8 The company purchased $2580 of office equipment on credit.
15 The company completed electrical work on credit in the amount of $6,400.
18 The company purchased $450 of office supplies on credit.
20 The company paid $2580 cash for the office equipment purchased on December 8th.
24 The company billed a client $800 for electrical work completed, the balance is due in 30 days.
28 The company received $6400 cash for the work completed on December 15th.
29 The company paid the assistants salary of $1600 cash for this month.
30 The company paid $560 cash for this months utility bill.
31 The company paid $980 cash in dividends to the owner (sole shareholder).
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