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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
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 $14,900 of electrical equipment by paying $6.700 cash and agreeing to pay the $8,200 balance in 30 days. 5 The company purchased office supplies by paying $700 cash. The company completed electrical work and immediately collected $2,000 cash for these services. 8 The company purchased $2,810 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $4,600. 18 The company purchased $460 of office supplies on credit. 20 The company paid 52.810 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. 20 The company received $4,600 cash for the work completed on December 15. 29 The company paid the assistant's salary of $2,000 cash for this month. 30 The company paid $520 cash for this month's utility bill. 31 The company paid $980 cash in dividends to the owner isole shareholden). 2.1. Prepare an income statement for the current month. SONY ELECTRIC Income Statement For Month Ended December 31 Revenues Expenses Total expenses 0 $ 0
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