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 $64,100 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 $1,600 cash for the December rent. 3 The company purchased $13,400 of electrical equipment by paying $5,200 cash and agreeing to pay the $8,200 balance in 30 days. 5 The company purchased office supplies by paying $1,000 cash. 6 The company completed electrical work and immediately collected $1,100 cash for these services. 8 The company purchased $2,730 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $4,700. 18 The company purchased $320 of office supplies on credit. 20 The company paid $2,730 cash for the office equipment purchased on December 8. 24 The company billed a client $800 for electrical work completed; the balance is due in 30 days. 28 The company received $4,700 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,700 cash for this month. 30 The company paid $520 cash for this month's utility bill. 31 The company paid $990 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.) Assets Liabilities Equity Date Cash + Accounts Receivable + Office Supplies + Office Equipment + Electrical Equipment Accounts Payable + Common Stock Dividends + Revenues I Dec. 1 + + + + + + + 2 + + + + = + + + Bal. + + + + + + 3 + + + + = + 11111111 Bal. + + + + = + + + 5 + + + = + + + Bal. + + = + + 6 + + + + = + + + Bal. + + + + = + 00 + + = + + + + + + + Bal. + + = + 15 + + + + = + + + Bal. + + + + Il + 18 + + + + + + = = - - Bal. + + + + + + 20 + + + + II + + + Bal. + + + + II + + 24/ + + + + = + + 6 + + + + Il + + Bal. + + + + + + 8 + + + + II + + Bal. + + + + = + + 15 + + + = + + Bal. + + + + = + + - - - - 18 + + + + = + + 1 Bal. + + + + = + + 20 + + + + + + Bal. + + + + = + + 24 + + + + II + + Bal. + + + + II + + 28 + + + + = + + - - Bal. + + + + = + - + 29 + + + = + + Bal. + + + + = + + 30 + + + + = + + Bal. + + + + = + + 31 + + + + II + + Bal. + + + + II + +