Problem 1-9A (Algo) Analyzing transactions and preparing financial statements LO P1, P2 Skip to question [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 $68,700 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 paid $1,700 cash for the December rent. 3 The company purchased $15,000 of electrical equipment by paying $6,800 cash and agreeing to pay the $8,200 balance in 30 days. 5 The company purchased supplies by paying $800 cash. 6 The company completed electrical work and immediately collected $1,700 cash for these services. 8 The company purchased $2,660 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $6,100. 18 The company purchased $350 of supplies on credit. 20 The company paid $2,660 cash for the office equipment purchased on December 8. 24 The company billed a client $800 for electrical work completed; the balance is due in 30 days. 28 The company received $6,100 cash for the work completed on December 15. 29 The company paid the assistants salary of $1,700 cash for this month. 30 The company paid $560 cash for this months utility bill. 31 The company paid $910 cash in dividends to the owner (sole shareholder). Problem 1-9A (Algo) Part 1 Required: 1. Enter the amount of each transaction on individual items of the accounting equation. (Enter reductions to account balances with a minus sign.)