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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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