Required information Problem 1-9A (Static) 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 $65,000 cash from a personal savings account to a checking account in the name of Sony Electric in exchange for its common stock. The company purchased $13,000 of electrical equipment by paying $4,800 cash and agreeing to pay the $8,200 balance in 30 days. December 2 The company paid $1,000 cash for the December rent. December 3 The company purchased supplies by paying $800 cash. December 5 December 6 The company completed electrical work and immediately collected $1,200 cash for these services. December 8 The company purchased $2,530 of office equipment on credit. December 15 The company completed electrical work on credit in the amount of $5,000. December 18 The company purchased $350 of supplies on credit. December 20 The company paid $2,530 cash for the office equipment purchased on December 8. December 29 December 24 The company billed a client $900 for electrical work completed; the balance is due in 30 days. December 28 The company received $5,000 cash for the work completed on December 15. The company paid the assistant's salary of $1,400 cash for this month. The company paid $540 cash for this month's utility bill. December 31 The company paid $950 cash in dividends to the owner (sole shareholder). December 30 December 1 December 2 Balance December 3 Balance December 5 Balance December 6 Balance December 8 Balance December 15 Balance December 18 Balance December 20 Balance December 24 Balance December 28 Balance December 29 Balance December 30 Balance Accounts Cash Receivable Supplies Office Equipment Electrical Equipment = = Accounts Payable + + + " . + + = + + Common Stock Dividends Revenues Expenses + . + . + . + + . + = + - . . + + + . " + + + . . + . " . + + " . + " . + + " . + " +