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Required information [The following information applies to the questions displayed below) Sanyu Sony started a new business and completed these trensactions during December. Dec. 1 Sanyu Sony transferred $66,500 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 $1,300 cash for the December rent. 3 The company purchased $14,000 of electrical equipment by paying $5,800 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 $1,800 cash for these services. The company purchased $2,860 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $5,500. 18 The company purchased $450 of office supplies on credit. 20 The company paid $2,860 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 $5,500 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 $520 cash for this month's utility bill.. 31 The company paid $990 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 accounting balances with a minus sign.) Date Dec 1 Bal 2 Bal Cash . Accounts Receivable Assets Office Supplies Office Equipment Electrical Equipment Liabilities Accounts Payable Equity Common Stock Dividends Revenues Expenses + . + + . + + + . + + . + + Date Dec 1 2 Bal Cash Accounts Receivable Office Supplies Office Equipment Electrical Equipment Accounts Payable Common Stock Dividends . Revenues Expenses . . . . " Bal 6 + + Bal NO . " + . . + . . + + + + . . + . INO " + . . . Bal. Bal Bal Bal 6 B 15 18 + + Bal Bu 20 20 . 24 Bal 28 Bal 29 Bal 30 Bal + ++ . + B + + . NO . " . . . . + Bai. 31 + + + + + . = + . = + + + N . + Prev 1 2 of 2 Next > + +

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