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[The following information applies to the questions displayed below.] Sanyu Sony started a new business and completed these transactions during December. Dec. 1 Sanyu Sony
[The following information applies to the questions displayed below.]
Sanyu Sony started a new business and completed these transactions during December.
Dec. | 1 | Sanyu Sony transferred $69,800 cash from a personal savings account to a checking account in the name of Sony Electric. | ||
2 | The company rented office space and paid $1,100 cash for the December rent. | |||
3 | The company purchased $13,200 of electrical equipment by paying $5,000 cash and agreeing to pay the $8,200 balance in 30 days. | |||
5 | The company purchased office supplies by paying $800 cash. | |||
6 | The company completed electrical work and immediately collected $1,400 cash for these services. | |||
8 | The company purchased $2,520 of office equipment on credit. | |||
15 | The company completed electrical work on credit in the amount of $5,000. | |||
18 | The company purchased $340 of office supplies on credit. | |||
20 | The company paid $2,520 cash for the office equipment purchased on December 8. | |||
24 | The company billed a client $800 for electrical work completed; the balance is due in 30 days. | |||
28 | The company received $5,000 cash for the work completed on December 15. | |||
29 | The company paid the assistants salary of $1,700 cash for this month. | |||
30 | The company paid $560 cash for this months utility bill. | |||
31 | Sanyu Sony withdrew $940 cash from the company for personal use. |
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