Question

I am really confused

The following information applies to the questions displayed below) anyu Sony started a new business and completed these transactions during December. ec. 1 Sanyu Sony transferred $69,700 cash from a personal savings account to a checking account in the nane of Sony Electric in exchange for its common stock. 5 2 The company rented office space and paid 61,900 cash for the December rent. 3 The company purchased $14, 600 of electrical equipment by paying $6,400 cash and agreeing to pay the 63,200 balance in 30 days 5 The company purchased office supplies by paying $900 cash 6 The conpany completed electrical work and irmediately collected $1,100 cash for these services. 8 The company purchased $2,810 of office equipment on credit. 15 The conpany completed electrical work on credit in the anount of 65,900. 18 The company purchased $310 of office supplies on credit 20 The company paid $2,810 cash for the office equipment purchased on Decenber 8. 24 The company billed a client #1,000 for electrical work completed; the balance is due in 30 days. 28 The company received 45, 900 cash for the work completed on December 15. 29 The company paid the assistants salary of $1,e00 cash for this month. 30 The company paid $540 cash for thi month's utility bill 31 The company paid $940 cash in dividenda to the owner (sole ahareholder). ed: the amount of each transaction on individual items of the accounting equation. (Enter s sign.) balences with reductions to As 89 7001

Answer 1

Date	Cash/Bank	Accounts Receivable	Office Supplies	Office equipment	Electrical equipment	Accounts Payable	Common Stock	Dividends	Revenues	Expenses
Dec 1	69700	0	0	0	0	0	69700	0	0	0
Bal	69700	0	0	0	0	0	69700	0	0	0
Dec 2	(1900)	0	0	0	0	0	0	0	0	1900
Bal	67800	0	0	0	0	0	69700	0	0	1900
Dec 3	(6400)	0	0	0	14600	8200	0	0	0	0
Bal	61400	0	0	0	14600	8200	69700	0	0	1900
Dec 5	(900)	0	900	0	0	0	0	0	0	0
Bal	60500	0	900	0	14600	8200	69700	0	0	1900
Dec 6	1000	0	0	0	0	0	0	0	1000	0
Bal	61500	0	900	0	14600	8200	69700	0	1000	1900
Dec 8	0	0	0	2810	0	2810	0	0	0	0
Bal	61500	0	900	2810	14600	11010	69700	0	1000	1900
Dec 15	0	5900	0	0	0	0	0	0	5900	0
Bal	61500	5900	900	2810	14600	11010	69700	0	6900	1900
Dec 18	0	0	310	0	0	310	0	0	0	0
Bal	61500	5900	1210	2810	14600	11320	69700	0	6900	1900
Dec 20	(2810)	0	0	0	0	(2810)	0	0	0	0
Bal	58690	5900	1210	2810	14600	8510	69700	0	6900	1900
Dec 24	0	1000	0	0	0	0	0	0	1000	0
Bal	58690	6900	1210	2810	14600	8510	69700	0	7900	1900
Dec 28	5900	(5900)	0	0	0	0	0	0	0	0
Bal	64590	1000	1210	2810	14600	8510	69700	0	7900	1900
Dec 29	(1800)	0	0	0	0	0	0	0	0	1800
Bal	62790	1000	1210	2810	14600	8510	69700	0	7900	3700
Dec 30	(540)	0	0	0	0	0	0	0	0	540
Bal	62250	1000	1210	2810	14600	8510	69700	0	7900	4240
Dec 31	(940)	0	0	0	0	0	0	940	0	0
Bal	61310	1000	1210	2810	14600	8510	69700	940	7900	4240

Cash + Accounts Receivable + Office Supplies + Office Equipment + Electrical Equipment = Accounts Payable + Common Stock - Dividends + Revenues - Expenses

61310+1000+1210+2810+14600 = 8510+69700-940+7900-4240

80930 = 80930