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Saryu Sony started a new business and completed these transactions during December December 1 Sanyu Sony transferred 564,400 cash from a personal savings account to
Saryu Sony started a new business and completed these transactions during December December 1 Sanyu Sony transferred 564,400 cash from a personal savings account to a checking account in the name of Sony Electric December 2 The company paid $1,300 cash for the December rent. December the company purchased $14,000 of electrical equipment by paying 56,600 cash and agreeing to pay the $1,200 balance in 30 days. December 5 The company purchased supplies by paying $900 cash. December 6 The company completed electrical work and Immediately collected $1,600 cash for these services. December the company purchased $2,540 of office equipment on credit. December 15 The company completed electrical work on credit in the amount of 54,900. December 18 The company purchased $450 of supplies on credit. December 20 The company pald $2,540 cash for the office equipment purchased on December 3. December 24 The company billed a ellent 5900 for electrical work completed; the balance is due in 30 days. December 28 The company received $4,900 cash for the work completed on December 15. December 29 The company paid the assistant's salary of $1,400 cash for this month. December 30 The company paid $570 cash for this month's utility bill. December 31 Sanyu Sony withdrew 5990 cash from the company for personal use. 2-0. Prepare the income statement for the current het of the end of the month SONY ELECTRIC Balance Sheet December 31 Assets Llabilities Totalanes 5 otoals and equity 5
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