[The following information applies to the questions displayed below.] Sanyu Sony started a new business and completed these transactions during December. December 1 Sanyu Sony transferred $66,200 cash from a personal savings account to a checking account in the Iname of Sony Electric in exchange for its common stock. December 2 The company paid $1,900 cash for the December rent. December 3 The company purchased $13,700 of electrical equipment by paying $5,500 cash and agreeing to pay the $8,200 balance in 30 days. December 5 The company purchased supplies by paying $900 cash. December 6 The company completed electrical work and immediately collected $1,200 cash for these services. December 8 The company purchased $2,598 of office equipment on credit. December 15 The company completed electrical work on credit in the amount of $5,100. December 18 The company purchased $480 of supplies on credit. December 28 The company paid $2,590 cash for the office equipment purchased on December 8. December 24 The company billed a client $1,000 for electrical work completed; the balance is due in 30 days. December 28 The company received $5,100 cash for the work completed on December 15. December 29 The company paid the assistant's salary of $1,500 cash for this month. December 30 The company paid $570 cash for this month's utility bill. December 31 The company paid $950 cash in dividends to the owner (sole shareholder). Required: 1. Enter the amount of each transaction on individual items of the accounting equation. Note: Enter reductions to account balances with a minus sign. Date December 1 Assets Liabilities Cash Accounts Receivable Office Supplies Equipment Electrical Equipment Accounts Payable 4 Common Stock + + + + + 0+ 0+ 0+ 0 = + 0 + + 0+ 0+ 0+ 0+ 0 = 0+ December 2 + Balance after December 1 and December 2 December 3 0+ + Balance after December 3