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.1Sanyu Sony transferred $69,400 cash from a personal savings account to a checking account in the name of Sony Electric in exchange for its common stock.2The company paid $1,700 cash for the December rent.3The company purchased $13,900 of electrical equipment by paying $5,700 cash and agreeing to pay the $8,200 balance in 30 days.5The company purchased supplies by paying $900 cash.6The company completed electrical work and immediately collected $1,700 cash for these services.8The company purchased $2,780 of office equipment on credit.15The company completed electrical work on credit in the amount of $6,000.18The company purchased $410 of supplies on credit.20The company paid $2,780 cash for the office equipment purchased on December 8.24The company billed a client $1,000 for electrical work completed; the balance is due in 30 days.28The company received $6,000 cash for the work completed on December 15.29The company paid the assistant's salary of $1,400 cash for this month.30The company paid $510 cash for this month's utility bill.31The company paid $900 cash in dividends to the owner (sole shareholder).

Problem 1-9A (Algo) Part 1

Required:

1.Enter the amountof each transaction on individual items of the accounting equation.(Enter reductions to account balances with a minus sign.)