Sanyu Sony started a new business and completed these transactions during December.

December 1 Sanyu Sony transferred $69,500 cash from a personal savings account to a checking account in the name of Sony Electric.

December 2 The company paid $1,900 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 $1,100 cash for these services.

December 8 The company purchased $2,580 of office equipment on credit.

December 15 The company completed electrical work on credit in the amount of $5,500.

December 18 The company purchased $450 of supplies on credit.

December 20 The company paid $2,580 cash for the office equipment purchased on December 8.

December 24 The company billed a client $900 for electrical work completed; the balance is due in 30 days.

December 28 The company received $5,500 cash for the work completed on December 15.

December 29 The company paid the assistants salary of $1,700 cash for this month.

December 30 The company paid $520 cash for this months utility bill.

December 31 Sanyu Sony withdrew $970 cash from the company for personal use.

Required:

Enter the amount of each transaction on individual items of the accounting equation. Note: Enter reductions to account balances with a minus sign.

Prepare the income statement for the current month.

Prepare the statement of owner's equity for the current month.

Prepare the balance sheet as of the end of the month.

Prepare the statement of cash flows for the current month.

Genyu Gony atsited a new business and completed these transsctions during December Docirber 1 Sampu Sory transforrod $69, Sab cash froen a personal savings account to a chocking account in the namo of Sonis Elactric. Docirbor 2 The company paid $1,960 cash for the Docirber ront. Docirbor 3 The company purchasiod $13,9 bed of electrical equipesit by payling $5,786 cash and ayrveing to pay the $8,268 balance in 39 days. bocirber 5 The coepany purchased sueplies by paying $88 carh. Docirbor 6 The compary completed electrical work and imodiately collectod $1,180 cash for these servioes. Docirbse 8 the compariy purchaside $2,580 of office equigmont on orodit. Deconter 15 The compary completed electrical work on crvdit in the anount of $5,56e. Decenter is The corpany purchased q45e of sopplies on credit. Decenter 20 the company paid $2,586 cash for the office equipent purchaked on Docerber 8. Decenter 24 The company billod a cliont $960 for electrical wark coepletod; the balance is due In 38 days. Decenter 28 The conpany rocelwod 55 , 5e9 cash for the wark caepleted an bocetter 15. Decenter 29 The company paid the assistant's salary of $1,789 cash for this nonth. Decenter 30 The company paid $523 cash for this month's uti1ity bi11. Decenter 31 Sampu Sony withanvw $979 cash fron the coepany for personal use. Requlred: 1. Enter the smount of esch trenasction on Indwidusl temi of the sccounting equstion. Note: Enter reductions to eccount bolences with a minus sign