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Prepare the balance sheet as of the end of the month. Prepare the balance sheet as of the end of the month. Sanyu Sony started
Prepare the balance sheet as of the end of the month.
Prepare the balance sheet as of the end of the month. Sanyu Sony started a new business and completed these transactions during December. name of Sony Electric in exchange for its counmon stock. December 2 The company paid $1,700 cash for the December rent. December 3 The company purchased $14,100 of electrical equipment by paying $5,900 cash and agreeing to pay the $8,200 balance in 30 days. December 5 The company purchased supplies by paying $900 cash. Deceaber 6 The company completed electrical work and immediately collected $1,300 cash for these services. December 8 The company purchased $2,760 of office equipment on credit. December 15 The company completed electrical work on credit in the amount of $6,700. December 18 The company purchased $310 of supplies on credit. December 20 The company paid $2,760 cash for the of fice 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 $6,700 cash for the work completed on December 15 . December 29 . The company paid the assistant's salary of $1,700 cash for this month. December 30 The company paid $510 cash for this month's utility bill. Decenber 31 the company paid $930 cash in dividends to the owner (sole shareholder) Step by Step Solution
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