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8 Part 1 of 2 10 points eBook G Print Required information [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 $66,700 cash from a personal savings account to a checking account in the name of Sony Electric in exchange for its common stock. December 2 The company paid $1,600 cash for the December rent. December 3 The company purchased $15,000 of electrical equipment by paying $6,800 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 December 8 The December 15 The company in the amount of $4,500. December 18 The company purchased $400 of supplies on credit. electrical work and immediately collected $1,800 cash for these services. $2,860 of company pleted electrical work on con credit. December 20 The company paid $2,860 cash for the office equipment purchased on December 8. December 24 The company billed a client $900 for electrical work completed; the balance is due in 30 days. December 28 The company received $4,500 cash for the work completed on December 15. December 29 The company paid the assistant's salary of $1,300 cash for this month. December 30 The company paid $510 cash for this month's utility bill. December 31 The company paid $980 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.) Assets Date Cash Liabilities. Accounts Payable Accounts Receivable + Supplies + Office Equipment + Electrical Equipment December 1 December 2 Balance after December 1 and December 2 December 3 Balance after December 31 December 5 Lesene Balance after December 5 cance December 6 Balance after December 6 December 8 E Balance after December 8 December 15 December 15 Balance after Balance after December 15 December 18 Balance after December 18 December 20 Lecember 20 Balance after December 20 December 24 December 24 Balance after December 24 December 28 Leccender 20 Balance after December 28 December 29 Balance after December 29 E December 30 Balance after December 30 December 31 Balance after December 31 + + + + + + + + + A + M + M + + + + + + + + + + + + + + + + + + A + 7 + . + + A A + B + + + + + + + + + + + + T + 1 A + 1+ + + 2 A M + A + + + + + + + + + + + T A + + + A + + + + + + + + = . = = = = = = - . = = = = P = = = = + + + + + + + + + + + P + M + A + + + + + + + + + + + + + Common Stock - - - - - Dividends Equity + + + + +1 + +P +[ + A P + * + M + + + + Revenues - 2 - - - Expenses