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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.
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 $67,000 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 $1,700 cash for the December rent. 3 The company purchased $14,900 of electrical equipment by paying $6,700 cash and agreeing to pay the $8,200 balance in 30 days. 5 The company purchased office supplies by paying $900 cash. 6 The company completed electrical work and immediately collected 8 The company purchased $2,540 of office equipment on credit. ,600 cash for these services. 15 The company completed electrical work on credit in the amount of $4,400. 18 The company purchased $360 of office supplies on credit. 28 The company paid $2,540 cash for the office equipment purchased on December 8. 24 The company billed a client $1,000 for electrical work completed; the balance is due in 30 days. 28 The company received $4,400 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,500 cash for this month. 30 The company paid $520 cash for this month's utility bill. 31 The company paid $910 cash in dividends to the owner (sole shareholder). 2-6. Prepare an income statement for the current month. 2-b. Prepare a statement of retained earnings for the current month. 2-c. Prepare a balance sheet as of the end of the month. 3. Prepare a statement of cash flows for the current month. Question by entering your answers in the tabs below.
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