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, 480 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 $2,889 cash for the December rent. 3 The company purchased $13,628 of electrical equipment by paying $5.400 cash and agreeing to pay the $8,268 balance in 30 days. 5 The company purchased office supplies by paying $700 cash. 6 The company completed electrical work and immediately collected $1,500 cash for these services. 8. The company purchased $2,740 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $5,500. 18 The company purchased $440 of office supplies on credit. 20 The company paid $2,740 cash for the office equipment purchased on December 8. 24 The company billed a client $1,800 for electrical work completed; the balance is due in 30 days. 28 The company received $5,588 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,580 cash for this month. 30 The company paid $550 cash for this month's utility bill. 31 The company paid $950 cash in dividends to the owner (sole shareholder). Required: 1. Enter the amount of each transaction on Individual items of the accounting equation. (Enter reductions to accounting balances with a minus sign.) Required: 1. Enter the amount of each transaction on Individual items of the accounting equation. (Enter reductions to accounting balances with a minus sign.) Assets Office Supplies Date Liabilities Accounts Payable Accounts Receivable Cash Equity Dividends + Revenues Office Equipment + Electrical Equipment = Common Stock + Expenses + + + = + + Dec 1 1 2 + + + + + + - + + 10 - MIRINER = 0 + 10 Bal + 10 + 10 + + 10 + 0 + - 10 0 + 0 0 3 + + + + = + + Bal. 0 + 0 + + 10 + 0 = 10 = 0 + - 10 + 0 0 - 0 5 + + + = + + + + + Bal. 0 + + 10 0 + 0 + 0 = 0 + 0 + 0 ola 0 9 + + T + = + - + + + 0 + Bal + 10 01 + + 10 0 + 0 = 0 0 + 10 0 + 10 0 8 + + + = + + Bal. + 10 0 + 0 + +10 0+ = 10 + 10 - 10 + 10 0- 0 15 + + + = - + + + Bal. + 10 + 10 0 + 0 + 0 = + 10 0 01 + 0 - 0 18 + + + + + + + 0 + Bal +10 + 10 0 + 0 = 0 + - 10 + 10 - 10 0 20 + + + + = + + Bal 01 + +10 +10 +10 + 0 + Ol= 0 0 + 01 - 0 + 0 - + = 24 + + - + + + - + 10 Bal. 0 + + 10 0 + 10 = 10 0 0 + + + 10 - 10 0 0 + + 28 = + + + + 0 + + 10 + 10 0 + = 10 0 + + + 10 + Bal. - 10 - 10 0 0 + = + 29 + + + + + + +10 0 Bal. + 0 ol = + 10 0 + 0 + 0 - + 10 + 0 + + 30 + + = + + + + + + + 10 0 + 10 Bal. + 10 + 10 0 - + 10 = 10 - 10 0 + = + + + 31 + + + + + + 0 + 0 $ 0 $ + 10 10 Bal. $ S + 10 $ $ + lo 01 = 0 0 + ol + $ $ $ $ 01 +
