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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 $66,400 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 $2,000 cash for the December rent.
3 The company purchased $14,300 of electrical equipment by paying $6,100 cash and agreeing to pay the $8,200 balance in 30 days.
5 The company purchased office supplies by paying $1,000 cash.
6 The company completed electrical work and immediately collected $1,600 cash for these services.
8 The company purchased $2,690 of office equipment on credit.
15 The company completed electrical work on credit in the amount of $6,700.
18 The company purchased $430 of office supplies on credit.
20 The company paid $2,690 cash for the office equipment purchased on December 8.
24 The company billed a client $900 for electrical work completed; the balance is due in 30 days.
28 The company received $6,700 cash for the work completed on December 15.
29 The company paid the assistants salary of $1,900 cash for this month.
30 The company paid $550 cash for this months utility bill.
31 The company paid $920 cash in dividends to the owner (sole shareholder).

1. Enter the amount of each transaction on individual items of the accounting equation. (Enter reductions to account balances with a minus sign.)image text in transcribed

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