Sanyu Sony started a new business and completed these transactions during December December 1 Sanyu Sony transferred $65, eee 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 $1,980 cash for the December rent. December 3 The company purchased $13,988 of electrical equipment by paying $4,888 cash and agreeing to pay the $8,280 balance in 30 days. December 5 The company purchased supplies by paying $888 cash. December 6 The company completed electrical work and immediately collected $1,290 cash for these services. December 8 The company purchased $2,530 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 $350 of supplies on credit. December 20 The company paid $2,530 cash for the office equipment purchased on December 8 December 24 The company billed a client $980 for electrical work completed; the balance is due in 30 days. December 28 The company received $5,eee cash for the work completed on December 15. December 29 The company paid the assistant's salary of $1,4ee cash for this month. December 30 The company paid $540 cash for this month's utility bill. December 31 The company paid $950 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.) Assets Equity Date Common Liabilities Accounts Payable Accounts Receivable Cash + Office Equipment + Electrical Supplies Dividends + Equipment Revenues Stock Expenses + + December 1 December 2 Balance after December 1 and December 2 + + 0 + 0 + 0 + 0 = 0 + 0 0 - 0 + 0 0 - 0 0 + + December 3 + + + + + 0 + 0 = 0 - 0 + 0 0 - 0 Balance after December 3 December 5 Balance after December 5 0 + + 0 + + + 0 + + 0 + + + 0 + 0 + 0 + 0 + 0 0 + 0 0 - ol + 0 - 0 December 6 + + + = + + 0 + 0 + 01 = = 0 0 + 0 0 - ol + 0 0 0 + + 0 + 0 0 + + 0 0 + 0 0 - - + + + = 0] = 0 + + 0 + + 0 + 0 - 0 + 0 01 - 0 + + = + Balance after December December 8 Balance after December 8 December 15 Balance after December 15 December 18 Balance after December 18 December 20 0 + 0 + + 0 + + 0 = + 0 + + 0 0 - 0 + 0 - 0 + + = + 0 + + 0 + + 0 + 0 + = 01 + 01 - 0 + 0 01 - 0 + o + + 0 + + + 0 0 = = 0 0 = + + 0 + 0 + 0 0 + : 0 - 0 + 0 0 - 0 + + + = + - 0 + 01 + 0 + 0 + 0 = = 01 + ol- 0 + 01 - 0 + + + = + + 0 + 0 = 0 + 0 0 - 0 + 0 Balance after December 20 December 24 Balance after December 24 December 28 Balance after December 28 December 29 Balance after December 29 December 30 Balance after December 30 December 31 Balance after December 31 0 0 + + 0 + + 0 0 - - + + + 0 + 0 0 + + * 01 + + 0 + + 0 + 0 + 01 = = 0 + 0 - 0 + 0 - 0 + + + 0 + 0 + 0 = 1 = 0 + 0 - ol + + 0 0 - 0 0 0 + 1 + 0 + $ s + + + 01 + $ 0 S s 0 + $ + 0 + + $ s 0 = $ 0 + + $ $ 0 IS S 0 + + S s 0 $ 0