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Sanyu Sony started a new business and completed these transactions during December. Dec. 1 Sanyu Sony transferred $68,400 cash from a personal savings account
Sanyu Sony started a new business and completed these transactions during December. Dec. 1 Sanyu Sony transferred $68,400 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 $2,000 cash for the December rent. 3 The company purchased $14,700 of electrical equipment by paying $6,500 cash and agreeing to pay the $8,200 balance in 30 days. 5 The company purchased office supplies by paying $900 cash. 6 The company completed electrical work and immediately collected $1,300 cash for these services. 8 The company purchased $2,560 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $4,400. 18 The company purchased $340 of office supplies on credit. 20 The company paid $2,560 cash for the office equipment purchased on December 8. 24 The company billed a client $800 for electrical work completed; the balance is due in 30 days. 28 The company received $4,400 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 $510 cash for this month's utility bill. 31 The company paid $910 cash in dividends to the owner (sole shareholder).
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