Problem 1-9A Analyzing transactions and preparing financial statements LO C4, P1, P2 [The following information applies to the questions displayed below) Sanyu Sony started a new business and completed these transactions during December Dec. I Sanyu Sony transferred $69,500 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 rented office space and paid $1,200 cash for the December rent. 3 The company purchased $14,000 of electrical equipment by paying $5,800 cash and agreeing to pay the $8,200 balance in 30 days. 5 The company purchased office supplies by paying $800 cash. 6 The company completed electrical work and immediately collected $1,900 cash for these services. 8. The company purchased $2,580 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $4,900. 18 The company purchased $340 of office supplies on credit. 20 The company paid $2,580 cash for the office equipment purchaned 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 $4,900 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,700 cash for this month 30 The company paid $540 cash for this month's utility bill. 31 The company paid $990 cash in dividends to the owner sole shareholder). Problem 1-9 A Part 2 and 3 2-a. Prepare an income statement for the current month 2-b. Prepare a statement of retained earnings for the current month. 2-c. Prepare a balance sheet as of the end of the month 3. Prepare a statement of cash flows for the current month. Complete this question by entering your answers in the tabs below. Required 2A Required 28 Required 20 Required 3 3. Prepare a statement of cash flows for the current month Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 20 Required 3 Prepare an income statement for the current month. SONY ELECTRIC Income Statement For Month Ended December 31 Revenues ces 0 Total Revenues Expenses 1,700 Salaries expenso Total expenses 1.700 (1.700) $ Required 28 ) S w MacBook Air 2-b. Prepare a staten 2-c. Prepare a balance sheet as of the end of the month. 3. Prepare a statement of cash flows for the current month. Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 2C Required 3 Prepare a statement of retained earnings for the current month. SONY ELECTRIC Statement of Retained Earnings For Month Ended December 31 Retained earnings, December 1 $ 0 4,160 $ 4,160 Retained earnings, December 31 . 15 Required information 3. Prepare a statement of cash flows for the current month. Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 20 Required 3 Prepare a balance sheet as of the end of the month. SONY ELECTRIC Balance Sheet December 31 Assets Liabilities Equity 0 Total equity 0 Total liabilities and equity $ 0 $ Total assets 15 Required information Statement of Cash Flows For Month Ended December 31 Cash flows from operating activities . $ 0 Cash flows from investing activities ances 0 Cash flows from financing activities 0 $ 0 0 Cash balance, Dec 1 Cash balance. Dec 31 $ 0 3 aw Il MacBook Air 55 56 co 3 4 NE 7 02 6 VI 8 9 Q W E R Y U Problem 1-9A Analyzing transactions and preparing financial statements LO C4, P1, P2 [The following information applies to the questions displayed below) Sanyu Sony started a new business and completed these transactions during December Dec. I Sanyu Sony transferred $69,500 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 rented office space and paid $1,200 cash for the December rent. 3 The company purchased $14,000 of electrical equipment by paying $5,800 cash and agreeing to pay the $8,200 balance in 30 days. 5 The company purchased office supplies by paying $800 cash. 6 The company completed electrical work and immediately collected $1,900 cash for these services. 8. The company purchased $2,580 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $4,900. 18 The company purchased $340 of office supplies on credit. 20 The company paid $2,580 cash for the office equipment purchaned 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 $4,900 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,700 cash for this month 30 The company paid $540 cash for this month's utility bill. 31 The company paid $990 cash in dividends to the owner sole shareholder). Problem 1-9 A Part 2 and 3 2-a. Prepare an income statement for the current month 2-b. Prepare a statement of retained earnings for the current month. 2-c. Prepare a balance sheet as of the end of the month 3. Prepare a statement of cash flows for the current month. Complete this question by entering your answers in the tabs below. Required 2A Required 28 Required 20 Required 3 3. Prepare a statement of cash flows for the current month Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 20 Required 3 Prepare an income statement for the current month. SONY ELECTRIC Income Statement For Month Ended December 31 Revenues ces 0 Total Revenues Expenses 1,700 Salaries expenso Total expenses 1.700 (1.700) $ Required 28 ) S w MacBook Air 2-b. Prepare a staten 2-c. Prepare a balance sheet as of the end of the month. 3. Prepare a statement of cash flows for the current month. Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 2C Required 3 Prepare a statement of retained earnings for the current month. SONY ELECTRIC Statement of Retained Earnings For Month Ended December 31 Retained earnings, December 1 $ 0 4,160 $ 4,160 Retained earnings, December 31 . 15 Required information 3. Prepare a statement of cash flows for the current month. Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 20 Required 3 Prepare a balance sheet as of the end of the month. SONY ELECTRIC Balance Sheet December 31 Assets Liabilities Equity 0 Total equity 0 Total liabilities and equity $ 0 $ Total assets 15 Required information Statement of Cash Flows For Month Ended December 31 Cash flows from operating activities . $ 0 Cash flows from investing activities ances 0 Cash flows from financing activities 0 $ 0 0 Cash balance, Dec 1 Cash balance. Dec 31 $ 0 3 aw Il MacBook Air 55 56 co 3 4 NE 7 02 6 VI 8 9 Q W E R Y U