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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. December
Required information [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 $69,500 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 $2,000 cash for the December rent. December 3 The company purchased $14,888 of electrical equipment by paying $6,600 cash and agreeing to pay the $8,200 balance in 30 days. December 5 The company purchased supplies by paying $900 cash. December 6 The company completed electrical work and immediately collected $1,800 cash for these services. December 8 The company purchased $2,810 of office equipment on credit. December 15 The company completed electrical work on credit in the amount of $5,100. December 18 The company purchased $500 of supplies on credit. December 20 The company paid $2,810 cash for the office equipment purchased on December 8. December 24 The company billed a client $800 for electrical work completed; the balance is due in 30 days.. December 28 The company received $5,100 cash for the work completed on December 15. December 29 The company paid the assistant's salary of $1,400 cash for this month. December 30 The company paid $560 cash for this month's utility bill. December 31 The company paid $920 cash in dividends to the owner (sole shareholder). Required: 1. Enter the amount of each transaction on individual items of the accounting equation. Note: Enter reductions to account balances with a minus sign. Required information Equity Date December 1 December 2 Cash Accounts Receivable Supplies Office Equipment Electrical Equipment Accounts Payable Common Stock Dividende Revenues 59.500. (2.000) + Balance after December 1 and December 2 67.500+ 0 0+ 0 0- 0- December 3 . . . Balance after December 3 67,500 . . 0- 0 . 0 0 0 December 5 . . Balance after December 5 67,500+ . 0- 0+ 0- 0+ 0- 0+ 0- December 6 . . Balance after December 6 67,500+ 0+ 0- 0- 0+ of 0+ 0- December 8 . Balance after December 8 67.500+ 0. 0+ 0- 0- 0+ 01- 0. 0- 0 December 15 . . . Balance after December 15 67.500 0- 0. 0+ 0- 0- 0- . 0- 0 December 18 . . . . Balance afer December 18 67.500 0 . . 0 0 0- + December 20 . Balance after December 20 67,500 0 . 0+ 0 0- 0. 101- 0+ 01- 0 December 24 . . Balance after December 24 67.500 0+ 0. 0- 01 0 0- 0 . December 20 . . Balance after December 20 67.500 0. . . 0- 0- . + December 29 Balance after December 29 67,500. 0+ 0- " December 30 Balance after December 30 December 31 Balance after December 31 . 67.500 0+ 0. 0 0 of- 0- 0+ 0 . . . . $ . F 0 $ ' $ S $ 67.500+
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