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. Dec. 1 Sanyu Sony transferred $64,700 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 $1,300 cash for the December rent. 3 The company purchased $14,700 of electrical equipment by paying $6,500 cash and agreeing to pay the $8,200 balance in 30 days. 5 The company purchased supplies by paying $1,000 cash. 6 The company completed electrical work and immediately collected $1,400 cash for these services. 8 The company purchased $2,790 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $5,700. 18 The company purchased $320 of supplies on credit. 20 The company paid $2,790 cash for the office equipment purchased on December 8. 24 The company billed a client $900 for electrical work completed; the balance is due in 30 days. 28 The company received $5,700 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,400 cash for this month. 30 The company paid $600 cash for this month's utility bill. 31 The company paid $990 cash in dividends to the owner (sole shareholder). Problem 1-9A (Algo) Part 1