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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. 6 The company completed electrical work and immediately collected $2,000 cash for these services. 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 $2,810 cash for the office equipment purchased on December 8. 24 The company billed a client $900 for electrical work completed; the balance in doo in 30 days. 28 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 bil. 31 The company paid $980 cash in dividends to the owner role whareholder). Required: 1. Enter the amount of each transaction on individual items of the accounting equation (Enter reductions to accounting balances with a minus sign.) Date Assets Office Supplies Equity Revenues Accounts Receivablo Cash Llabilities Accounts Payable Office Equipment Electrical Equipment Common Stock Dividends Expenses + . . . + - 0 0 - 0 0. 0 = 0 + 0 0 0. 0 Dec 1 2 Bal 3 Bal 5 Bal + + + O 01- 0 0 0 - 0 0 0 O. ol . 0. 0. 01 0 0 B. - 0 0 O 0 6 . 0 0. 0. 0+ 0 - 0 + 0 O. 0 0 + + D. Bal 0 - O. 0 0+ 0 0 0 0 0 - - 15 . - - B 0. 0 - 01. 0 0 O 0 0+ 0 0+ . 18 O 0 0 Ba O O ol. O 0 . 0- 0 20 . . 0 5 0 5 O $ O 5 O. 5 O 0 - $ 0 5 . 31 0 -10 O 0 10 O 0 O O Bal + + . 30 O -0 0 - 0 0. 10 0+ 0- 0 - O Bal . . . 52 0 0 0 0 +10 0 0. 0 D. . 0 Bal 26 - . 0 0 O -10 0 + O 0 01 0. . 0 B . . - 24 0 0 0 0 +10 ol 10 0. 0 - . Bal
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