! Required information [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 $64,900 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 $1,200 cash for the December rent. 3 The company purchased $13,000 of electrical equipment by paying $4,800 cash and agreeing to pay the $8,200 balance in 30 days. 5 The company purchased office supplies by paying $900 cash. 6 The company completed electrical work and immediately collected $1,600 cash for these services. 8 The company purchased $2,970 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $4,800. 18 The company purchased $330 of office supplies on credit. 20 The company paid $2,970 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 $1,800 cash for this month. 30 The company paid $500 cash for this month's utility bill. 31 The company paid $940 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 accounting balances with a minus sign.) Date Dec 1 Cash + Accounts Receivable Assets Office Supplies + Office Equipment + Electrical Equipment = Liabilities Accounts Payable Equity + Common Stock Dividends Revenues Expenses 2 + + = + Bal 0+ 0+ 0+ 0+ 0 = 0+ 0- 0+ 0 0 3 + + + = + Bal. 0+ 0+ 0+ 0+ 0 = 0+ 0- +0 0- 0 5 + + + = + Bal 0+ 0+ 0+ 0 0 = 0 + 0- 0+ 0 0 6 + + + = + Bal 0+ 0+ 0+ 0+ 0 = 0+ 0- 0+ 0- 0 8 + = + Bal 0+ 0+ 0+ 0+ 0 = 0+ 0- 0 0 0 15 + + + = + Bal. 0+ 0+ 0+ 0+ 0 = 0 + 0- 0+ 0- 0 18 + + + = + Bal 0+ 0+ 0+ 0+ 0 = 0+ 0- 0+ 0 0 20 + + + = + Bal 0+ 0+ 0+ 0+ 0 = 0+ 0- 0+ 0 24 + + = + Bal 0+ 0+ 0+ 0+ 0 = 0+ 0- 0+ 0- 0 28 + + = + Bal 0+ 0+ 0+ 0+ 0 = 0+ 0 0 0 0 29 + + + + = + Bal 0+ 0+ 0+ 0+ 0 = 0+ 0- 0+ 0- 0 30 + + = + Bal 0 + 0+ 0+ + 0 = 0+ 0- 0 0 0 31 + Bal $ 0+ $ + + $ $ 0 + S = + $ 0 + $ 0 - $ 0+ $ 0 - $ 0