Question

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 $69,400 cash from a personal savings account to a checking account in the name of Sony Electric in exchange for its common stock. 2 company rented office space and paid $1,700 cash for the December rent. ne company purchased $14,700 of electrical equipment by paying $6,500 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. B The company purchased $2,920 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $4,400. 18 The company purchased $410 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 $800 for electrical work completed; the balance is due in 30 days. 28 The company received $4,400 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,800 cash for this month. 30 The company paid $530 cash for this month's utility bill. 31 The company paid $920 cash in dividends to the owner (solo shareholder).

Answer 1

Date Assests cash AR Liability & Equity office office Electrical Accounts (S. sony supplie's equipment equipment Payable capital 69400 s, sony Revenues with Drawals Expenses 6१५०० Dec-169400 o Bal. 64400 11-2 (1700) 67700 17.11-3 (6500) 8 Bal, 61200 oot I ہ S' Bal. ochba 1700 oakhl 8200 14700 82 DO 69400 oot I 11-5 too) 7oo cotihl 8200 69400 1700 700 Bal, boroo 1900 1900 oot 14700 8200 conda 1920 1700 Bal, 169 400 11-8 2920 2920 11120 69400 119.00 doll Bal. 2920 114700 62400 700 11-15 4400 440o 63-00 11120 69400 1700 2920 /14700 ५५०० oo Bal. 162400 11-18 4.ro 410 1 14700 6300 1700 Ball 62400 4400 ) O })) 2920 11530 69420

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