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Sanyu Sony transferred $67, 300 cash from a personal savings account to a checking account in the name of Sony Electric in exchange for its
Sanyu Sony transferred $67, 300 cash from a personal savings account to a checking account in the name of Sony Electric in exchange for its common stock The company rented office space and paid $1, 400 cash for the December rent. The company purchased $14, 100 of electrical equipment by paying $5, 900 cash and agreeing to pay the $8, 200 balance in 30 days. The company purchased office supplies by paying $800 cash. The company completed electrical work and immediately collected $1, 100 cash for these services. The company purchased $2, 540 of office equipment on credit. The company completed electrical work on credit in the amount of $7,000. The company purchased $330 of office supplies on credit. The company paid $2, 540 cash for the office equipment purchased on December 8. The company billed a client $ 800 for electrical work completed; the balance is due in 30 days. The company received $7,000 cash for the work completed on December 15. The company paid the assistant's salary of $1, 500 cash for this month. The company paid $580 cash for this month's utility bill. The company paid $950 cash in dividends to the owner (sole shareholder). Enter the amount of each transaction on individual items of the accounting equation
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