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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
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 $66,000 cash from a personal savings account to a checking account in the name of Sony Electric. 2 The company rented office space and paid $1,100 cash for the December rent. 3 The company purchased $13,600 of electrical equipment by paying $5,400 cash and agreeing to pay the $ 8, 200 balance in 30 days. 5 The company purchased office supplies by paying $ 700 cash. 6 The company completed electrical work and immediately collected $1,600 cash for these services. 8 The company purchased $2,620 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $4,900. 18 The company purchased $420 of office supplies on credit. 20 The company paid $2,620 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 $4,900 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 Sanyu Sony withdrew $990 cash from the company for personal use. Required: 1. Enter the amount of each transaction on individual items of the accounting equation. (Enter reductions to account balances with a minus sign.) Liabilities Assets Office Supplies , Accounts Receivable Cash + Office Equipment Electrical Equipment Accounts Payable Equity S. Sony S. Sony, + Revenues Withdrawals S. Sony, Capital - Expenses Date Dec. 1 Bal. + + Bal. HHHHH + + Bal. + + Bal. +
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