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Sanyu Sony started a new business and completed these transactions during December. Dec. 1 Sanyu Sony transferred $69,900 cash from a personal savings account to

Sanyu Sony started a new business and completed these transactions during December.

Dec. 1 Sanyu Sony transferred $69,900 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 $13,800 of electrical equipment by paying $5,600 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 $1,400 cash for these services.
8 The company purchased $2,620 of office equipment on credit.
15 The company completed electrical work on credit in the amount of $6,000.
18 The company purchased $430 of office supplies on credit.
20 The company paid $2,620 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.
28 The company received $6,000 cash for the work completed on December 15.
29 The company paid the assistants salary of $1,800 cash for this month.
30 The company paid $540 cash for this months utility bill.
31

The company paid $920 cash in dividends to the owner (sole shareholder).

Assets Liabilities Equity
Date Cash + Accounts Receivable + Office Supplies + Office Equipment + Electrical Equipment = Accounts Payable + Common Stock Dividends + Revenues Expenses
Dec. 1 + + + + = + +
2 + + + + = + +
Bal. 0 + 0 + 0 + 0 + 0 = 0 + 0 0 + 0 0
3 + + + + = + +
Bal. 0 + 0 + 0 + 0 + 0 = 0 + 0 0 + 0 0
5 + + + + = + +
Bal. 0 + 0 + 0 + 0 + 0 = 0 + 0 0 + 0 0
6 + + + + = + +
Bal. 0 + 0 + 0 + 0 + 0 = 0 + 0 0 + 0 0
8 + + + + = + +
Bal. 0 + 0 + 0 + 0 + 0 = 0 + 0 0 + 0 0
15 + + + + = + +
Bal. 0 + 0 + 0 + 0 + 0 = 0 + 0 0 + 0 0
18 + + + + = + +
Bal. 0 + 0 + 0 + 0 + 0 = 0 + 0 0 + 0 0
20 + + + + = + +
Bal. 0 + 0 + 0 + 0 + 0 = 0 + 0 0 + 0 0
24 + + + + = + +
Bal. 0 + 0 + 0 + 0 + 0 = 0 + 0 0 + 0 0
28 + + + + = + +
Bal. 0 + 0 + 0 + 0 + 0 = 0 + 0 0 + 0 0
29 + + + + = + +
Bal. 0 + 0 + 0 + 0 + 0 = 0 + 0 0 + 0 0
30 + + + + = + +
Bal. 0 + 0 + 0 + 0 + 0 = 0 + 0 0 + 0 0
31 + + + + = + +
Bal. $0 + $0 + $0 + $0 + $0 = $0 + $0 $0 + $0 $0

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