[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 $69,400 cash from a personal savings account to a checking account in the name of Sony Electric in exchange for its common stock 2 The company rented office space and paid $1,500 cash for the December rent. 3 The company purchased $14,900 of electrical equipment by paying $6,700 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 $1,100 cash for these services. 8 The company purchased $2,970 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $5,200. 18 The company purchased $430 of office supplies on credit. 20 The company paid $2,970 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 $5,200 cash for the work completed on December 15 29 The company paid the assistant's salary of $1,800 cash for this month. 30 The company paid $520 cash for this month's utility bill. 31 The company paid $960 cash in dividends to the owner (sole shareholder)