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 $66,500 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 paid $1,200 cash for the December rent. 3 The company purchased $13,200 of electrical equipment by paying $5,000 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 $1,200 cash for these services. 8 The company purchased $2,820 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $4,800. 18 The company purchased $430 of supplies on credit. 20 The company paid $2,820 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 $4,800 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,600 cash for this month. 30 The company paid $530 cash for this month's utility bill. 31 The company paid $940 cash in dividends to the owner (sole shareholder). Assets Accounts Receivable Date Liabilities Accounts Payable Cash Office Equipment Equity Dividends Revenues Electrical Equipment Common Stock + + Supplies Expenses Dec. 1 + + + + + + 2 + + + + + + Bal + + + + = + + 3 + + + + + + Bal. + + + + = + + - 5 + + + + + + - Bal + + + + = + + 6 6 + + + + + - + Bal. + + + + + + 8 + + + = + + - + Bal. + + + + + + 151 + + + + = + + Bal. + + + + = + + 181 + + + + = + + Bal. + + + + = + + 20 + + + + + = + + Bal. + + + = + + + 24 + + + + + + Bal. + + + + = + 28 + + + + = + + + + + Bal. + + + + = + - 29 + + + + + Bal + + + + = + + 30 + + + + + + Bal. - + + + + + + + = + + 31 + + + + + Bal. + + + + + +