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 December 2 December 3 December 5 December 6 December 8 December 15 December 18 December 20 December 24 December 28 December 29 December 30 December 31 Sanyu Sony transferred $65,000 cash from a personal savings account to a checking account in the name of Sony Electric. The company paid $1,000 cash for the December rent. The company purchased $13,000 of electrical equipment by paying $4,800 cash and agreeing to pay the $8,200 balance in 30 days. The company purchased supplies by paying $800 cash. The company completed electrical work and immediately collected $1,200 cash for these services. The company purchased $2,530 of office equipment on credit. The company completed electrical work on credit in the amount of $5,000. The company purchased $350 of supplies on credit. The company paid $2,530 cash for the office equipment purchased on December 8. The company billed a client $900 for electrical work completed; the balance is due in 30 days. 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. Sanyu Sony withdrew $950 cash from the company for personal use. Problem 1-9A (Static) Part 1 Assets Date Accounts Receivable Cash Liabilities Accounts Payable Office Equipment + Equity S. Sony, + Revenues Withdrawals Electrical Equipment Supplies S. Sony, Capital Expenses + + + + + + + + + 0 + 0 + 0 + 0 + 0 = 0 + 0 0 - 0 0 + 0 0 + + + + + 0 + 0 + 0 + 0 + 0 = 0 = 0 + 0- 0 + 0 - 0- 1-1 0- + + + + 0 + * 0 + 0 + 0 0 + 01 + + 0 = 0 0 - 0 0 + 0 + + + + - 0 - 0 + 0 + 0 + * 0 + + + 0 + + + 0 = - * 0 + + 0 0 - 0- - + + + - 0 + 0 + 01 + 0 + 0 = 0 + 0 - 0 + 0- 0 + + + + + + - 0 + 0 + 0 + + 0 + 0 = 0 + 0 - 0 0 + 0 December 1 December 2 Balance after December 1 and December 2 December 3 Balance after December 3 December -5 Balance after December 5 December 6 Balance after December 6 December 8 Balance after December 8 December 15 Balance after December 15 December 18 Balance after December 18 December 20 Balance after December 20 December 24 Balance after December 24 December 28 Balance after December 28 December 29 Balance after December 29 December 30 Balance after December 30 Decernber 31 Balance after December 31 0 - - + + + + + 0 + 0 + 0 + 01 + 0 = 0 0 + + 0- - 0 + + + + + + * 0 + 0 + 0- - 0 0 - 0 + 0 - 0 + + 0 + + + 0 + 0 + + + 0 + 0 = = 0 = 0 + + 0 + 0 + 0 0 + + 0 + + 0 0 + 0- 0 + + + + 0 0 + 0 + 0 + 0 + 0 = 0 + + 0 - 0 0 - 0 + + + + + + + - 0- 0 + 0 + 0 + 0 + 0 = 0 + 0 - 0 + + + + + 1- 0 0 + 0 + 0 + 0 + 0 = 0 + 0 - 0 + 0 + + + + + = + - + $ 0 + S 0 + S 0 + S 0 + $ 0 = S 0 + $ 0- $ 0 + $ 0 - $ 0 Problem 1-9A (Static) Part 2 and 3 2-a. Prepare the income statement for the current month. 2-b. Prepare the statement of owner's equity for the current month. 2-c. Prepare the balance sheet as of the end of the month. 3. Prepare the statement of cash flows for the current month. Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 2C Required 3 Prepare the income statement for the current month. SONY ELECTRIC Income Statement For Month Ended December 31 Revenues 0 Total Revenues Expenses Total expenses Problem 1-9A (Static) Part 2 and 3 2-a. Prepare the income statement for the current month. 2-b. Prepare the statement of owner's equity for the current month. 2-c. Prepare the balance sheet as of the end of the month. 3. Prepare the statement of cash flows for the current month. Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 20 Required 3 Prepare the statement of owner's equity for the current month. SONY ELECTRIC Statement of Owner's Equity For Month Ended December 31 S. Sony, Capital, December 1 $ 0 0 S. Sony, Capital, December 31 $ 0 Problem 1-9A (Static) Part 2 and 3 2-a. Prepare the income statement for the current month. 2-b. Prepare the statement of owner's equity for the current month. 2-c. Prepare the balance sheet as of the end of the month. 3. Prepare the statement of cash flows for the current month. Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 2C Required 3 Prepare the balance sheet as of the end of the month. SONY ELECTRIC Balance Sheet December 31 Assets Liabilities Equity Total assets $ 0 Total liabilities and equity $ 0 Problem 1-9A (Static) Part 2 and 3 2-a. Prepare the income statement for the current month. 2-b. Prepare the statement of owner's equity for the current month. 2-c. Prepare the balance sheet as of the end of the month. 3. Prepare the statement of cash flows for the current month. Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 2C Required 3 Prepare the statement of cash flows for the current month. (Cash outflows should be indicated with a minus sign.) SONY ELECTRIC Statement of Cash Flows For Month Ended December 31 Cash flows from operating activities $ 0 Cash flows from investing activities 0 Cash flows from financing activities