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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). equired: di ridulitome of the accounting ecuation (Enter reductions to accounting balance Equity Cash Assets Office Supplies Accounts Receivable Date Office Equipment Liabilities Accounts Payable Electrical Equipment Dividends Revenues Common Stock $ 64.100 Expenses 64.100 + + + + + + $ 1,600 Dec 10 $ 2 + + Bal. 0 0 + 0 + 0 = 0 64,100 + + + + + + + 0 + 0 1,600 10 3 + + 13.400 = 13.400 = 8,200 + 8,200 + Bal 0 + 01 + 0 + 64,100 0 + (1,600) + 62,500 + (5,200) + 57 300+ (1,000) + 56,300 + 1.100 + 57,400 + 0 + + + + + + + + + 1,600 +++++++ 5 + + 1,000+ 1,000+ Bal 0 + 0 1 13,400 = 8.200+ 64,100 0 0 - 1,600 61 1 1 + + + 1,100 1,100 - Bal 0 1,000+ 0 + 13.400 64.100 0 + 1,600 8 + + + + 8.200+ 2.730 + 10,930 + 2,730 2,730 + + Bal 57,400 + 01 + 1,000+ 13 400 = 64.100 0 + 1,600 1,100 4.700 15 + 4.700 + + + = + Bal 57.400 + 4,700 + 2,730 + 13.400 64 100 0 + 5,800 1,600 10,930 + 320 + 18 + 1,000 + 320 + 1,320 + + + + Bal. 57 400 + 4.700 + 12,730 + 13,400 = 64,100 0 + 5,800 1.600 11.250 (2.730) + 20 + + + + (2,730) + 54,670 + Bal. 4,700 + 1,320 + 2,730 + 13.400 8,520 + 64,100 - 0 + 1,600 24 800 + + + + + 5,800 - 8001 - 6,600 + + + + + + + + + + + + + + + + + Bal. 1,320 + 2,730 13.400 8.520 + 64,100 + 0 1,600 28 + 5,500 + (4,700) + 800 + + + + 1,320 + Bal 2.730 + 13,400 8,520 + 0 64,100 + 6.600 1,600 + + + 29 1,700 + + Bal. 800 + + 54,670 + 4,700 59,370 + (1,700)| + 57,670 + (520) + 57,150 + (990) + 56,160 + 0 2.730 + 1,320 + 13,400 8,520 + 64.100 3.300 6,600 + 520 30 + Bal. 0 + 800 + 1.320 + 2,730 + - + + + + 8,520 + 13,400 64.100 3,820 6.600 990 + 31 + + S 800 + $ Bal. $ + $ $ 2,730 + 1,320 + $ 13,400 = 8,520 + $ 64.100 990 $ $ $ 6,600 3,820
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