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table [ [ Required 2 A Required 2 B , Required 2 C , Required 3 ] ] Prepare the statement of retained earnings
tableRequired A Required BRequired CRequired
Prepare the statement of retained earnings for the current
tableSONY ELECTRIC,Statement of Retained Earnings,For Month Ended December Retained earnings, December $Add: Net income,,Less: Dividends,,Retained earnings, December $ Required A
Required B
Required C
Required
Prepare the balance sheet as of the end of the month.
tableSONY ELECTRICBalance SheetDecember AssetsLiabilitiesCash$Notes payable,$Accounts receivable,,Accounts payable,,SuppliesTotal liabilities,,Office equipment,,EqI,,Electrical equipment,,Common stock,,Retained earnings,,Total equity,,Total assets,$Total liabilities and equity,$ Note: Cash outflows should be indicated with a minus sign.
tableSONY ELECTRICStatement of Cash FlowsFor Month Ended December Cash flows from operating activitiessL$Cash flows from investing activitiesCash flows from financing activities$Cash balance, December Cash balance, December $Required information
The following information applies to the questions displayed below.
Sanyu Sony started a new business and completed these transactions during December.
December Sanyu Sony transferred $ cash from a personal savings account to a checking account in the
name of Sony Electric in exchange for its common stock.
December The company paid $ cash for the December rent.
December The company purchased $ of electrical equipment by paying $ cash and agreeing to pay
the $ balance in days.
December The company purchased supplies by paying $ cash.
December The company completed electrical work and immediately collected $ cash for these services.
December The company purchased $ of office equipment on credit.
December The company completed electrical work on credit in the amount of $
December The company purchased $ of supplies on credit.
December The company paid $ cash for the office equipment purchased on December
December The company billed a client $ for electrical work completed; the balance is due in days.
December The company received $ cash for the work completed on December
December The company paid the assistant's salary of $ cash for this month.
December The company paid $ cash for this month's utility bill.
December The company paid $ cash in dividends to the owner sole shareholder
a Prepare the income statement for the current month.
b Prepare the statement of retained earnings for the current month.
c Prepare the balance sheet as of the end of the month.
Prepare the statement of cash flows for the current month.
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Prepare the income statement for the current month.
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