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Sanyu Sony started a new business and completed these transactions during December December 1 Sanyu Sony transferred $65,900 cash from a personal savings account
Sanyu Sony started a new business and completed these transactions during December December 1 Sanyu Sony transferred $65,900 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 $1,900 cash for the December rent. December 3 The company purchased $14,500 of electrical equipment by, paying $6,300 cash and agreeing to pay the $5,200 balance in 30- December 5 The company purchased supplies by paying 5000 cash. December the company completed electrical work and immediately collected $1,000 cash for these services. December The company purchased $2,600 of office equipment on credit. December 15 The company completed electrical work on credit in the amount of $5,000. December 18 The company purchased $44 of 448 of supplies on credit. December 20 The company paid $2,600 cash for the office equipment purchased on December December 24 The company billed a client $900 for electrical work completed; the balance is due in 30 days. December 28 The company received $5,000 cash for the work completed on December 15, December 23 The company paid the assistant's salary of $1,900 cash for this month. December 30 The company paid $560 cash for this month's utility bill. December 31 The company paid $990 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. Assets Liabilities Equity Date Cash Accounts Receivable Supplies Office Equipment Electrical Accounts Common Dividends Revenues Expenses Equipment Payable Stock December 1 $ (65.900)+ $ 65.900 December 2 . + Balance after December 1 and December 2 (65.900) 0+ 0+ 0- 0+ 65.900- 0. December 3 . . + . Balance after December 3 December 5 (65.500) 01 . 0+ 0 + 0- 65.900 0- + + . . Balance after December 5 (65,900). 0+ 0+ 0+ 0 + 65500- 0+ December 6 Balance after December 6 + + + . . (65,900) 0+ 0+ 0+ 65.900- 0 + 0 December . Balance aher December 8 (65 960)+ g+ 0+ 01- 0+ 65.900 0+ 0- December 15 + . + Balance after December 15 (65.500) + 0 0 01. 65,900 + D December 18 + . M. + Balance wher December 10 (65,900) . 0+ 0+ 0+ 65.900- 0+ . December 20 + Balance after December 20 (65.900). " 0+ . 01- 0+ 65,900 0 + December 24 . . + . . . Balance after December 241 (65.500) . 0- 0+ 65.900 D December 25- + + . . Balance after December 20 (65,900)+ D 10+ 20- 65.500 December 29 . . . . Balance after December 25 65900) 0+ 10+ . 0+ 45.000 0+ 201- December 30 + Balance aher December 30 (65,900)+ + + + + 65.900 December 31 Balance after December 31 $65.900) 0. S $ 45 900 3
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