Required information Problem 1-9A (Algo) Analyzing transactions and preparing financial statements LO P1, P2 [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 $64,800 cash from a personal savings account to a checking account in the name of Sony Blectric in exchange for its common stock. December 2 The company paid $1,300 cash for the December rent. December 3 The company purchased $13,900 of electrical equipment by paying $5,700 cash and agreeing to pay the $8,200 balance in 30 days. December 5 The company purchased supplies by paying $800 cash. December 6 The company completed electrical work and immediately collected $1,300 cash for these services. December 8 The company purchased $2,740 of office equipment on credit. December 15 The company completed electrical work on credit in the amount of $6,200. December 18 The company purchased $420 of supplies on credit. December 20 The company paid $2,740 cash 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 $6,200 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 $570 cash for this month's utility bill. December 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. Note: Enter reductions to account balances with a minus sign