Sanyu Sony transferred $65,700 cash from a personal savings account to a checking account in the name of Sony Electric in exchange for its common stock.

Sanyu Sony started a new business and completed these transactions during December. Dec. 1 Sanyu Sony transferred $65,700 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 $1,400 cash for the December rent. 3 The company purchased $14,800 of electrical equipment by paying $6,600 cash and agreeing to pay the $8,200 balance in 30 days. 5 The company purchased office supplies by paying $1,000 cash. 6 The company completed electrical work and immediately collected $1,100 cash for these services. 8 The company purchased $2,580 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $4,900. 18 The company purchased $340 of office supplies on credit. 20 The company paid $2,580 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 $4,900 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 $560 cash for this month's utility bill. 31 The company paid $950 cash in dividends to the owner (sole shareholder). Assets Liabilities Date Cash + Accounts Receivable + Office Supplies + Office Equipment + Electrical Equipment Accounts Payable + Common Stock Dec. 1 + + + + = + 2 + + + + = + Bal. 0 + 0 + 0 + 0 + 0 0 + 0 3 + + + + = + Bal. 0 + 0 + 0 + 0 + 0 0 + 0 5 + + + + + Bal. 01 + 0 0 + 0 + 0 0 + 0 6 + + + + + Bal. 01 + 0 0 + 0 + 0 0 + 0 - - 8 + + + + + Bal. 0 + 01 + 0 + 0 + 0 = 0 + 0 15 + + + + = + Bal. 0 + 0 + 0 + 0 + O = = = 0 + 0 181 + + + + S Liabilities Equity e + Office Equipment + Electrical Equipment = Accounts Payable + Common Stock - Dividends + Revenues - Expenses es + + + + - + + + + 0 + 0 + 0 11 0 + 0 0 + 0 - 0 + + II + + - 0 0 + 0 0 + 0 0 + 0 + + + II + + O 0 + 0 + 0 = 0 + 0 0 + 0 0 TITI + + 0 + 0 + II 0 + 0 0 + 0 0 + + = + + 0 + 0 + 0 = 0 + 0 0 + 0 - 0 + + = + + - - 0 + 0 + 0 0 + 0 0 + 0 0 + + + + Required information 15 + + + + II + Bal. 0 + 0 + 0 + 0 + 0 0 + 0 18 + + + + + Bal. 0 + 0 + 0 + 0 + 0 0 + 0 20 + + + + + Bal. 0 + 0 + 0 + 0 + 0 0 + o 24 + + + + Bal. 0 + 0 0 + 0 + 0 0 0 28 + + + + Bal. 0 + 0 0 + 0 + 0 = 0 + 0 - - 29 + + + + Bal. 0 + 0 + 01 + 01 + 0 0 + O 30 + + + + + - Bal. 0 + 01 + 0 + 0 + 0 0 + 0 31 + + + + II + Bal. $ 0 + $ 0 + $ 0 + $ 0 + $ 0 II $ 0 + $ O Required information + + + + + 0 + 0 0 II 0 + 0 0 + 0 0 + + + + 0 0 + 0 0 0 0 0 0 + + + 0 + 0 + 0 + 0 0 + 0 + + - + 0 + 0 + 0 0 + 0 0 + 0 0 + + 0 + 0 + 0 0 + 0 0 + 0 0 + + + + 0 + 0 + 0 0 + 0 + 0 0 + + + + 0 0 + 0 0 0 0 0 0 + + II 0 + 0 + $ = 0 + $ $ o + $ 0 - $ 0 SONY ELECTRIC Income Statement For Month Ended December 31 Revenues Expenses Total expenses 0 $ 0 SONY ELECTRIC Statement of Retained Earnings For Month Ended December 31 Retained earnings, December 1 $ 0 0 Retained earnings, December 31 $ 0 SONY ELECTRIC Balance Sheet December 31 Assets Liabilities Equity 0 Total equity 0 Total liabilities and equity Total assets $ 0 SONY ELECTRIC Statement of Cash Flows For Month Ended December 31 Cash flows from operating activities $ 0 Cash flows from investing activities Required information 0 Cash flows from investing activities 0 Cash flows from financing activities 0 0 0 Cash balance, Dec. 1 Cash balance, Dec. 31 $ 0