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GNMENT Required information Saved Help Save & [The following information applies to the questions displayed below] Sanyu Sony started a new business and completed these
GNMENT Required information Saved Help Save & [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 $65,000 cash from a personal savings account to a checking account in the name of Sony Electric. December 2 December 3 December 5 December 6 The company paid $1,000 cash for the December rent. The company purchased $13,000 of electrical equipment by paying $4,800 cash and agreeing to pay the $8,200 balance in 30 days. The company purchased supplies by paying $800 cash. The company completed electrical work and immediately collected $1,200 cash for these services. December 8 The company purchased $2,530 of office equipment on credit. December 15 The company completed electrical work on credit in the amount of $5,000, The company purchased $350 of supplies on credit, The company paid $2,530 cash for the office equipment purchased on December 8. December 18 December 20 December 24 The company billed a client $900 for electrical work completed; the balance is due in 30 days. December 28 The company received $5,000 cash for the work completed on December 15. December 29 The company paid the assistant's salary of $1,400 cash for this month. December 30 The company paid $540 cash for this month's utility bill. December 31 Sanyo Sony withdrew $950 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.) Date Assets Liabilities Cash Accounts Office Electrical Accounts Sunn Assets Liabilities Accounts Date Cash Receivable Office Supplies Office Equipment Electrical Equipment Accounts Payable S. Sony. Capital Dec 1 Bal 0+ 3 Bal . 0- 0+ S Bal 0+ . S. Sony. Withdrawals Equity . Bal . . . . Bal 0+ 15 Bat 0+ . . 100 . . Bal 01. . . Bal 0-> 0 . . . . 24 . Bal 0. . . . Bal Bal 2 01- . 0- . . . Ravenues Expenses
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