Required: 1. Enter the amount of each transaction on individual items of the accounting equation. (Enter reductions to account balances with a minus sign.) Assets Office Supplies Accounts Receivable Office Equipment Liabilities Accounts Payable Equity Dividends + Revenues Electrical Equipment Common Stock Expenses + + + + + + + Date Cash Dec. 1 $ 65,400 21 (1,200) Bal. 64,200 3 64,200 + + + + + + + + + + Bal. + + 0 + + + 5| + + + + + Bal. 64,200 + 0 + + + + + + + + + Bal. 64,200 + + 0 + + + + + + + + Bal. 64,200 + + 0 + + + + + + + + + 64,200 + Bal. 0 + + + + + 18 + + + + + Bal. 64,200 + + + + 20 ODOLO DODOLOL + + + + + + + + + Bal. 64,200 + + + 24 + + + Bal. 64,200 0 + lo + + + + 28 + + Bal. 64,200 + + 0 + + + + + + Bal. 64,200 + + + + + 0 30 + + + + 64,200 + + Bal. + + + 31 + + + + Bal. $ 64,200 + $ 0 + $ 0 + $ 0 + $ 0 = $ 0 + $ 0 - $ 0 + [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 $65,400 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 $1,200 cash for the December rent. 3 The company purchased $13,900 of electrical equipment by paying $5,700 cash and agreeing to pay the $8,200 balance in 30 days. 5 The company purchased office supplies by paying $700 cash. 6 The company completed electrical work and immediately collected $1,900 cash for these services. 8 The company purchased $2,530 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $6,600. 18 The company purchased $420 of office supplies on credit. 20 The company paid $2,530 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 $6,600 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,700 cash for this month. 30 The company paid $540 cash for this month's utility bill. 31 The company paid $950 cash in dividends to the owner (sole shareholder)