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only statement of cash flow needed, will like immediately. Required Information [The following information applles to the questions displayed below.] Sanyu Sony started a new
only statement of cash flow needed, will like immediately.
Required Information [The following information applles to the questions displayed below.] Sanyu Sony started a new business and completed these transactions during December. December 1 Sanyu Sony transferred $70, 00 cash from a personal savings account to a checking account in the name of Sony Electric. December 2 The company paid $1,700 cash for the December rent. December 3 The company purchased $13,80 of electrical equipment by paying $5,60 cash and agreeing to pay the $8,200 balance in 39 days. December 5 The company purchased supplies by paying $90 cash. December 6 The company completed electrical work and immediately collected $1,70 cash for these services. December 8 The company purchased $2,989 of office equipment on credit. December 15 The company completed electrical work on credit in the amount of $5,99. December 18 The company purchased $490 of supplies on credit. December 2 The company paid $2,980 cash for the office equipment purchased on December 8. December 24 The company billed a client $990 for electrical work completed; the balance is due in 39 days. December 28 The company received $5,900 cash for the work completed on December 15. December 29 The company paid the assistant's salary of $1,500 cash for this month. December 39 The company paid $549 cash for this month's utility bill. December 31 Sanyu Sony withdrew $960 cash from the company for personal use. 2-a. Prepare the Income statement for the current month. 2-b. Prepare the statement of owner's equlty for the current month. 2-c. Prepare the balance sheet as of the end of the month. 3. Prepare the statement of cash flows for the current month. Complete this question by entering your answers in the tabs below. Prepare the statement of cash flows for the current month. Note: Cash outflows should be indicated with a minus signStep by Step Solution
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