Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

sanyu Sony Started a new business and completed these transactions during december Check my work Sanyu Sony started a new business and completed these transactions

sanyu Sony Started a new business and completed these transactions during december
image text in transcribed
Check my work Sanyu Sony started a new business and completed these transactions during December Dec. 1 Sanyu Sony transferred $69,600 cash from a personal savings account to a checking account in the name of Sony Electrie in exchange for its C on stock. 2 The company rented office space and paid $1,000 cash for the December rent. 3 The company purchased $14,000 of electrical equipment by paying $5,800 cash and agreeing to pay the 38.200 balance in 30 days. 5 The company purchased office supplies by paying $800 cash. 6 The company completed electrical work and immediately collected $1.600 cash for these services. The company purchased $2,520 of office equipment on credit. 15 The pay completed electrical work on credit in the amount of 54.100 18 The company purchased $300 of office supplies on credit. 20 The company paid $2,520 cash for the office equipment purchased on December 26 The company billed client $900 for electrical work completed the balance due in 30 days. 28 The company received $4,700 cash for the work completed on December 15. 29 The company paid the assistant salary of s1,900 cash for this month. 30 The copony paid $590 cash for this month's utility bill. 31 The company paid $900 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 account balances with a minus sign.) Office 0.00 0 Prev 1 of 4 !! Next >

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Are You Ready For An ISMS Audit Based On 27001

Authors: BSI British

1st Edition

0580829138, 978-0580829130

More Books

Students also viewed these Accounting questions

Question

Distinguish between formal and informal reports.

Answered: 1 week ago