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 $66,300 cash from a personal savings account to a checking account in the name of Sony Electric. December 2 The company paid $1,800 cash for the December rent. December 3 The company purchased $13,600 of electrical equipment by paying $5,400 cash and agreeing to pay the $8,200 balance in 30 days. December 5 The company purchased supplies by paying $900 cash. December 6 The company completed electrical work and immediately collected $1,800 cash for these services. December 8 The company purchased $2,850 of office equipment on credit. December 15 The company completed electrical work on credit in the amount of $5,700. December 18 The company purchased $360 of supplies on credit. December 20 The company paid $2,850 cash for the office equipment purchased on December 8. December 24 The company billed a client $1,000 for electrical work completed; the balance is due in 30 days. December 28 The company received $5,700 cash for the work completed on December 15. December 29 The company paid the assistant's salary of $1,600 cash for this month. December 30 The company paid $600 cash for this month's utility bill. December 31 Sanyu Sony withdrew $910 cash from the company for personal use. 2-a. Prepare the income statement for the current month. 2-b. Prepare the statement of owner's equity for the current month. 2-c. Prepare the balance sheet as of the end of the month. 3. Prepare the statement of cash flows for the current month. Required information 3. Prepare the statement of cash flows for the current month. Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 2C Required 3 Prepare the income statement for the current month. SONY ELECTRIC Income Statement For Month Ended December 31 Revenues Total Revenues Expenses Total expenses Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 2C Required 3 Prepare the statement of owner's equity for the current month. SONY ELECTRIC Statement of Owner's Equity For Month Ended December 31 S. Sony, Capital, December 1 $ 0 S. Sony, Capital, December 31 Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 2c Required 3 Prepare the balance sheet as of the end of the month. SONY ELECTRIC Balance Sheet December 31 Assets Liabilities Equity Total assets Total liabilities and equity Required 2A Required 2B Required 2C Required 3 Prepare the statement of cash flows for the current month. (Cash outflows should be indicated with a minus sign.) SONY ELECTRIC Statement of Cash Flows For Month Ended December 31 Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Required information Cash flows from investing activities Cash flows from financing activities 0 Cash balance, December 1 Cash balance, December 31
