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Homework (EOC Required Information The following information applies to the questions displayed below.) Sanyu Sony started a new business and completed these transactions during December.
Homework (EOC 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 in exchange for its common stock 2 The company rented office space and paid $1,000 cash for the Decenter rent. 3 The company purchased $13,000 of electrical equipmunt by paying $4,800 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 feediately collected $1,200 cash for these services. 8 The company purchased $2,539 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $5,000. 18 The company purchased $350 of office supplies on credit 20 The company paid $2,530 cash for the office equipment purchased on December 8. 24 The company billed a client $900 tor electrical work completed the balance is due in 30 days, 28 The company received 55,000 cash for the work completed on December 15 29 The company paid the assistant's salary of $1,400 cash for this month. Be The company paid $540 cash for this month's utility bill 3. The company paid $950 cash in dividends to the war (sole shareholder) Required: 1. Enter the amount of each transaction on Individual items of the accounting equation (Enter reductions to account balances with a minus sign) Equity Assets Office Supplies Liabilities Accounts Payable + Dividends Revenues Date Cash Accounts Receivable + Office Equipment Electrical Equipment + Common Stock 3 BE000 + - Dec 2 Ball 3 85.000 C002 54,000+ 1800 . DIS 6210 000 TE 0 O 0 E 8.000
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