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Sanyu Sony started a new business and completed these transactions during December. December 1 Sanyu sony transferred $64,700 cash from a personal savings account to

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Sanyu Sony started a new business and completed these transactions during December. December 1 Sanyu sony transferred $64,700 cash from a personal savings account to a checking account in the name of sony Electric in exchange for its conthon stock. Decenber 2 The company paid $1,700 canh for the December rent. December 3 The company purchased $13,400 of electrical equipment by paying $5,200 cash and agreeing to pay the $8,200 balance in 30 days. December 5 The company purchased wupplies by paying $900cash. December 6 The company completed electrical work and immediately collected $1,300 cash for these services. December 8 . The company purchased $2,850 of office equipment on credit. December 15 The company completed electrical work on eredit in the amount of $7,000. December 18 the company purchased $310 of supplien on eredit. December 20 The company paid $2,850 cash for the office equipment purchased on becember 8 . December 24 The company billed a client $900 for electrical work completed; the balance in due in 30 days. December 28 The company received 57,000 cash for the work completed on December 15 . December 29 The compony paid the assintant'a nalary of $1,400 cash for thin month. becember 30 The company paid 5580 cash for this month's utility bil1. December 31 The company paid 5940 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.)

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