Required information [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 $68,900 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 $1,400 cash for the December rent. 3 The company purchased $13,400 of electrical equipment by paying $5,200 cash and agreeing to pay the $8,200 balance in 30 days. 5 The company purchased office supplies by paying $900 cash. 6 The company completed electrical work and immediately collected $1,600 cash for these services. 8 The company purchased $2,920 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $4,300. 18 The company purchased $310 of office supplies on credit. 20 The company paid $2,920 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 $4,300 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,600 cash for this month. 30 The company paid $510 cash for this month's utility bill. 31 The company paid $930 cash in dividends to the owner (sole shareholder). Required: 1. Enter the amount of each transaction on individual items of the accounting equation. (Enter reductions to account balances with a minus sign.) Accounts Receivable Assets Office Supplies Office Equipment Equity Dividends Revenues Liabilities Accounts Payable Electrical Equipment Common Stock Expenses + + Date Cash + Dec 11 $ 68,900 + 28 Bal. 68,900 + + + + 0 + 0 + 0 + 0 = + 0 - + 0- 3 + + + - Bal. 68,900 + 0 + + + 0 - + + + 15 Bal. 68 68,900 + 0 + 0 + 0 + 0] = 0 + 011 + + + Bal. 68,900 + 0 + 0 + 0 + = 8 + + + Bal. 68,900 + + 0 = 0 - + 0 - 15 + + + Bal. 68,900 0+ 01 + + 0 - + 0 - 18| + + + Bal. 68,900 + + 0 0 = 0 0 01 + 20 + + OOOOOOOOOOOOOOOOOOOOOO + Bal. 68,900 + + + 24 + + + Bal. 68,900 + + 0 = 0 - + 0 + 28 + - - - + Bal. 68,900 + 01 + 07 + 0 29/ + + + Bal. 68,900 + + 0 = 01 0 0 + 30/ + + + Bal. 68,900 + 0 + + + 31 + + + Bal. $ 68,900 + $ 0 + $ 0 $ 0= $ 0 + $ 0 $ 0 0 $ + +