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Sanyu Sony started a new business and completed these transactions during December. Enter the amount of each transaction on individual items of the accounting equation.
Sanyu Sony started a new business and completed these transactions during December. Enter the amount of each transaction on individual items of the accounting equation.
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 Electric in exchange for its common stock. 2 The company rented office space and paid $1,700 cash for the December rent. 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. 5 The company purchased office supplies by paying $800 cash 6 The company completed electrical work and immediately collected $1,800 cash for these services. 8 The company purchased $2,720 of office equipment on credit 15 The company completed electrical work on credit in the amount of $4,100. 18 The company purchased $460 of office supplies on credit 20 The company paid $2,720 cash for the office equipment purchased on December 8 24 The company billed a client $900 for electrical work completed; the balance is due in 30 days. 28 The company received $4,100 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,400 cash for this month 30 The company paid $570 cash for this month's utility bill. 31 The company paid $970 cash in dividends to the owner (sole shareholder) Equity Liabilities Accounts Payable Assets Common + Electrical Equipment Dividends Re Office Equipment Office Stock Date Cash upplies+ Receivable 69,600 Dec.11$ 69,600| + 69,600- 69,600| 69,600 69,600| Bal 69,600- Bal 69,600 Bal 6 69,600 - Bal 69,600 69,600 - Bal 69,600| 15 69,600- Bal 69,600 18 Assets Office Supplies Liabilities Equity Accounts Receivable Office Equipment Electrical Equipment Accounts Common Stock Dividends Revenues Expenses Payable + S 69,600 69,600- 69,600 - 69,600 69,600 69,600- 69,600 - 0 Bal 69.600+ 0 0 69.600 0 18 Bal. 69,600 + 0 69,600 20 Bal 69,600 + 0 69,600- 24 Bal 69,600 + 69.6001- 28 Bal 69,600 + 0 0 69,600- 29 Bal 69,600 + 69,600 - 30 Bal 69,600 + 69.6001- 3 Bal $ 69,600S 0 0+$ 69,600Step by Step Solution
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