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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 $64,100 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 $2,000 cash for the December rent. 3 The company purchased $14,300 of electrical equipment by paying $6,100 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 $2,970 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $6,700. 18 The company purchased $490 of office supplies on credit. 20 The company paid $2,970 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 $6,700 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,900 cash for this month. 30 The company paid $550 cash for this month's utility bill. 31 The company paid $990 cash in dividends to the owner (sole shareholder). Required: a mlnus sign.) Assets Date Cash Accounts Receivable + Liabilities Accounts Payable Office Supplies + Office Equipment Electrical Equipment 10 Div Common Stock $ 64,100 Dec. 1 $ + + + + ILI 2 + + + + 0 Bal. 0 + + 0 + 0 + 0 64,100 28 + + + 3 = 8,200) + 13,400 13,400 = 0 0 + O + + Bal. 64,100 + (1,600) + 62,500 + (5,200) + 57,300 + (1,000)| + 56,300 + 1,100 + 57,400 + 64,100 8,200 + + + 5 + 1,000+ 0 0 1,000 + + Bal. + 8,200 + 64,100 13,400 + + + + 6 8,200 + 0+ 13,400 = 1,000 + 0 + 64,100 Bal. + + + 8 2,730 + 2,730 + 2,730 + 10,930 + 57,400 + 64,100 Bal. 1,000 + 13,400 0 + + + + 15 + 4,700 + 4,700 + 1111 13,400 2,730 + 64,100 10,930 + 1,000 + Bal. 57,400 + 3201 + 1 - 11 + 3201 + + 18/ + Aan - CA! ! Required information A. , ITU 5 + + + 1,000+ 1,000+ Bal. 0 + 0 + 13,400 8,200 + 64,100 (1,000) + 56,300 + 1,100 + 57,400 + + + 6 + + Bal. 0+ 1,000+ 0 + 13,400 II III 8,200 + 64,100 8 + + + 2,730 + 2,730 + 10,930 + 0+ Bal. 57,400 + 1,000 + 13,400 2,730 + 64,100 + + + 15 + 4,700 + 4,700 + 13,400 2,730 + 1,000 + 10,930 + 64,100 Bal. 57,400 + 320 + + + 320+ + 18 = 13,400 11,250 + 2,730 + 64,100 1,320 + 4,700 + Bal. + + 20 57,400 + (2,730) + 54,670 + (2,730) + 8,520 + = 64,100 13,400 1,320 + 2,730 + = 4,700 + Bal. + + + + 24 800 + 64,100 13,400 8,520 + 2,730 + 1,320 + Bal. = = 5,500 + (4,700) + + + + 28 64,100 11 8,520 + 54,670 + 4,700 + 59,370 + (1,700) + 13,400 1,320 + 800 + 2,730 + Bal. + = + + + & 4 29 AAAA AN ann an 16 r ANIL T IL 11 1r - r 1. Required information Bal. 4,700 + 1,320 + 2,730 + 13,400 11,250 + 64,100 20 57,400 + (2,730) + 54,670 + II + + + (2,730) + 8,520 + Bal. 4,700 + 1,320 + 2,730 + 64,100 13,400 + + + 24 + 800 + 1,320 + 13,400 2,730 + Bal. 8,520 + 64,100 5,500 + (4,700) + + + + 28 1,320 + 2,730 + 13,400 8,520 + 800 + 64,100 Bal. ILI LI + + + + 29 64,100 13,400 11 8,520 + 2,730 + 1,320 + 800 + 54,670 + 4,700 + 59,370 + (1,700) + 57,670 + (520) + 57,150 + (990) + 56,160 + Bal. + + + + - - - - 30 64,100 13,400 8,520 + 800 + 2,730 + 1,320 + Bal. + + + 31 + = = $ 8,520 + 64,100 $ 13,400 $ $ 1,320 + 800 + 2,730 + $ $ Bal. Equity vidends Revenues Expenses + $ 1,600 + 0 + 0 1,600 - + 0 + 0 1,600 + 01 + 0 - 1,600 + 1,100 1,100 0 + - 1,600 + - 0 + 1,100 1,600 + 4,700 0 + 5,800 - 1,600 + 1 0 + 5,800 1,600 of 2 Next > + - 4,700 5,800 0 + - 1,600 + - - 0+ 5,800 1,600 + 0 + 5,800 - - - 1,600 + 800 0 + 6,600 1,600 + - - 0 + 6,600 + - 1,600 1,700 3,300 0 + 6,600 + - 520 0 + 6,600 - 3,820 - 9901 + $ 990 + $ $ 6,600 $ 3,820
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