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1. Enter the amount of each transaction on individual items of the accounting equation. (Enter reductions to account balances with a minus sign.) Required information [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 $66,500 cash from a personal savings account to a checking account in the name of Sony Electric in exchange for its common stock. December 2 The company paid $1,000 cash for the December rent. December 3 The company purchased $14,200 of electrical equipment by paying $6,000 cash and agreeing to pay the $8,200 balance in 30 days. December 5 The company purchased supplies by paying $900 cash. December 6 The company completed electrical work and immediately collected $1,500 cash for these services. December 8 The company purchased $2,790 of office equipment on credit. December 15 The company completed electrical work on credit in the amount of $5,400. December 18 The company purchased $490 of supplies on credit. December 20 The company paid $2,790cash for the office equipment purchased on December 8 . December 24 The company billed a client $900 for electrical work completed; the balance is due in 30 days. December 28 The company received $5,400 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 $560 cash for this month's utility bill. December 31 The company paid $930 cash in dividends to the owner (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.)