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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. December 1

image text in transcribed 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 \\( \\$ 69,700 \\) cash from a personal savings account to a checking account in the name of Sony Electric in exchange for its common stock. December 2 The company paid \\( \\$ 1,800 \\) cash for the December rent. December 3 The company purchased \\( \\$ 13,900 \\) of electrical equipment by paying \\( \\$ 5,700 \\) cash and agreeing to pay the \\( \\$ 8,200 \\) balance in 30 days. December 5 The company purchased supplies by paying \\( \\$ 800 \\) cash. December 6 The company completed electrical work and immediately collected \\( \\$ 1,400 \\) cash for these services. December 8 The company purchased \\( \\$ 2,910 \\) of office equipment on credit. December 15 The company completed electrical work on credit in the amount of \\( \\$ 4,900 \\). December 18 The company purchased \\( \\$ 380 \\) of supplies on credit. December 20 The company paid \\( \\$ 2,910 \\) 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 \\( \\$ 4,900 \\) cash for the work completed on December 15 . December 29 The company paid the assistant's salary of \\( \\$ 1,700 \\) cash for this month. December 30 The company paid \\( \\$ 520 \\) cash for this month's utility bill. December 31 The company paid \\( \\$ 930 \\) cash in dividends to the owner (sole shareholder). Required: 1. Enter the amount of each transaction on individual items of the accounting equation. Note: Enter reductions to account balances with a minus sign

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