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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 $65,200 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 $1,100 cash for the December rent. | |||
3 | The company purchased $14,000 of electrical equipment by paying $5,800 cash and agreeing to pay the $8,200 balance in 30 days. | |||
5 | The company purchased office supplies by paying $800 cash. | |||
6 | The company completed electrical work and immediately collected $2,000 cash for these services. | |||
8 | The company purchased $2,660 of office equipment on credit. | |||
15 | The company completed electrical work on credit in the amount of $5,500. | |||
18 | The company purchased $490 of office supplies on credit. | |||
20 | The company paid $2,660 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 $5,500 cash for the work completed on December 15. | |||
29 | The company paid the assistants salary of $1,900 cash for this month. | |||
30 | The company paid $530 cash for this months utility bill. | |||
31 | The company paid $980 cash in dividends to the owner (sole shareholder). |
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