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Please help me solve this question. Thank you Sanyu Sony started a new business and completed these transactions during December. December 1 Sanyu Sony transferred
Please help me solve this question. Thank you
Sanyu Sony started a new business and completed these transactions during December. December 1 Sanyu Sony transferred 564,800 cash fron a personal savings account to a checking account in the name of Seny Electric in exchange for its coenon stock. Decenber 2. The conpany paid $1,700 cash for, the Decenber cent. Decenber 3 The company parchased $13,800 of electrical equipment by paying $5,600 cach and agreelng to pay the $8,200 balance in 30 days. Decenber 5 the cospany purchased supplies by paying 5800 . cash. Decenber 6 the company completed electrical work and innediately collected 31,700 cash for these services. Decenber 8 The conpany purchased 12,660 of office equlpment on credit. December 15 The conpany conpleted electrical work on credit in the anount of $5,109. December 15. The coepany purchased $450 of supplies on credit. December 20 The coapany paid $2,660 cash for the office equipment purchased on Decenber il. December 24. The company billed a eleet 1900 for electrical work conpleted; the balance is due in 30 days. Decenber 28 The conpany recelved 85,100 cash for the work coepleted on December 15. December 30 The comary paid the assistant's salary of $2,000 cash for this month. Decenber 31 the corpany paid 1550 cash for this manth' utility bill. Decerber 31 the company poid 5030 cash in dividends to the ouner (sole shareholden). Required: 1. Enter the amount of each transaction on individual items of the accounting equation (Enter reductions to account balances with a minus signy minus sign.) Step by Step Solution
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