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help asap Required information The following information applies to the questions displayed below.) Sanyu Sony started a new business and completed these transactions during December
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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 $68,200 cash from a personal savings account to a checking account in the name of Sony Electrie in exchange for its common stock. 2 The company rented office space and paid $1,200 cash for the December rent. 3 The company purchased $13.800 of electrical equipment by paying $5,600 cash and agreeing to pay the $8,200 balance in 30 days. 5 The company purchased office supplies by paying $900 cash. 6 The company completed electrical work and immediately collected $1,500 cash for these services. 8 The company purchased $2,740 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $4,100. 18 The company purchased $470 of office supplies on credit. 20 The company paid $2,740 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 $4,100 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,500 cash for this month. JO The company paid $540 cash for this month's utility bill. 31 The company paid $970 cash in dividends to the owner (sole shareholder). 2.1. Prepare an income statement for the current month SONY ELECTRIC Income Statement For Month Ended December 31 Revenues Expenses Rent expense Salaries expense Utilities expense Total expenses Net income 0 $ 0 Step by Step Solution
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