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Required information Skip to question [The following information applies to the questions displayed below.] Sanyu Sony started a new business and completed these transactions during

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[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 $68,500 cash from a personal savings account to a checking account in the name of Sony Electric in exchange for its common stock.
December 2 The company paid $1,400 cash for the December rent.
December 3 The company purchased $13,500 of electrical equipment by paying $5,300 cash and agreeing to pay the $8,200 balance in 30 days.
December 5 The company purchased supplies by paying $800 cash.
December 6 The company completed electrical work and immediately collected $1,900 cash for these services.
December 8 The company purchased $2,910 of office equipment on credit.
December 15 The company completed electrical work on credit in the amount of $6,200.
December 18 The company purchased $370 of supplies on credit.
December 20 The company paid $2,910 cash for the office equipment purchased on December 8.
December 24 The company billed a client $900 for electrical work completed; the balance is due in 30 days.
December 28 The company received $6,200 cash for the work completed on December 15.
December 29 The company paid the assistants salary of $1,900 cash for this month.
December 30 The company paid $550 cash for this months utility bill.
December 31 The company paid $910 cash in dividends to the owner (sole shareholder).

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

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