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Required information Problem 1-9A Analyzing transactions and preparing financial statements LO C4, P1, P2 [The following information applies to the questions displayed below.) Sanyu Sony
Required information 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. 1 Sanyu Sony transferred $66,000 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 $1,400 cash for the December rent. 3 The company purchased $13, 600 of electrical equipment by paying $5, 400 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 $1,000 cash for these services. 8 The company purchased $2,920 of office equipment on credit. rk on credit in the amount of $5, 100. 18 The company purchased $500 of office supplies on credit. 20 The company paid $2,920 cash for the office equipment purchased on December 8. 24 The company billed a client $1,000 for electrical work completed the balance is due in 30 days. 28 The company received $5,100 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,900 cash for this month. 30 The company paid $600 cash for this month' s utility bill. 31 The company paid $940 cash in dividends to the owner (sole shareholder). Problem 1-9A Part 1 Required: 1. Enter the amount of each transaction on individual items of the accounting equation. (Enter reductions to accounting balances with a minus sign.) lleyuncu IULIULIUI Date Assets Office Supplies Cash Equity - Dividends + Revenues- Accounts Receivable Liabilities Accounts Payable Office Equipment + Electrical Equipment - Stock Expenses | + + 0 + + + + + + + + + + + + 0 + + + + + 0+ */0 + 0 + 0+ 61 + + + + + 0 + + + + + + 0 + + + + + + + + + 0 + 18 + + + + + + + + 01 + + 0 + - + + + 0 + + + + + + + + + 10 + + + + + + + + 0 + + + + 0+ + + O 0 + 0 + + * + + 0 0 = - - 0 + 0 + 31 + + - 0 - $ 0 + $ 0 + $ 0 + $ 0 + $ 0 = $ + $ $ 0 + $ - $ 0
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