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 $68,600 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 $1,300 cash for the December rent. December 3 The company purchased $14,100 of electrical equipment by paying $5,900 cash and agreeing to pay the $8,200 balance in 30 days. December 5 The company purchased supplies by paying $700 cash. December 6 The company completed electrical work and immediately collected $1,300 cash for these services. December 8 The company purchased $2,780 of office equipment on credit. December 15 The company completed electrical work on credit in the amount of $6,700. December 18 The company purchased $400 of supplies on credit. December 20 The company paid $2,780 cash for the office equipment purchased on December 8. December 24 The company billed a client $900 for electrical work completed; the balance is due in 30 days. December 28 The company received $6,700 cash for the work completed on December 15. December 29 The company paid the assistant's salary of $1,700 cash for this month. December 30 The company paid $530 cash for this month's utility bill. December 31 The company paid $910 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. Assets Liabilities Date Cash Accounts Receivable + Supplies Office Equipment Electrical Equipment Accounts Payable December 1 $ 68,600 December 2 (1,300) + + Balance after December 1 and December 2 67,300+ 0+ 0 + 0 = 0 December 3 (5,900) Balance after December 3 0+ December 5 This is a numeric cell, so please enter numbers only. Balance after December 5 0 December 6 Balance after December 6 61,400 December 8 + 0 0 = 0 + + = 0+ 0+ 0 + 0 = 0 + 0 + 0 = 0 + = Balance after December 8 61,400 + 0+ 0+ 0 December 15 + 0 = 0 = Balance after December 15 61,400 + 0 + 0 0 - 0 = 0 December 18 Balance after December 18 61,400 + 0 + 0+ 0 + 0 = 0 December 20 Balance after December 20 61,400 + December 24 + + 0 0 + 0 = 0 = Balance after December 24 61,400 + 0 + 0 0 + 0 = 0 December 28 + Ralance after Darambar 28 81.400 n + nl nl