- Required Information The Following Information Applies To The Questions Displayed Below Sanyu Sony Started A New Busi 1 (53.2 KiB) Viewed 56 times
- Required Information The Following Information Applies To The Questions Displayed Below Sanyu Sony Started A New Busi 2 (53.2 KiB) Viewed 56 times
- Required Information The Following Information Applies To The Questions Displayed Below Sanyu Sony Started A New Busi 3 (52.73 KiB) Viewed 56 times
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 $68,200 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 $1,300 cash for the December rent. December 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. December 5 The
company purchased supplies by paying $800 cash. December 6 The
company completed electrical work and immediately collected $1,900 cash for these services. December 8 The
company purchased $2,910 of office equipment on credit. December 15 The
company completed electrical work on credit in the amount of $5,600. December 18 The
company purchased $410 of supplies on credit. December 20 The
company paid $2,910 cash for the office equipment purchased on December 8. December 24 The
company billed a client $800 for electrical work completed; the balance is due in 30 days. December 28 The
company received $5,600 cash for the work completed on December 15. December 29 The
company paid the assistant's salary of $1,500 cash for this month. December 30 The
company paid $520 cash for this month's utility bill. December 31 The
company paid $970 cash in dividends to the owner (sole shareholder).
Date Dec 1 2 Bal Bal Bal Bal Bal Bal Bal Bal Bal Bal Bal Bal Bal 3 5 6 B 15 10 20 24 28 20 30 31 Cash . -0 . -0 -0 -0 -0 . 0. -0 -0 -0 . 0. 0. -0. <.0 Accounts Receivable $ 01- 0 0 0 - 10 . 0. 10 0 0 . . 0 . 0 0 0 • Assets Office Supplies $ 0 0 + 0 + 0 . + * . 0 0 . + 0 0 ♦ 0 . 0 . 0 . 0 + . . +10 Office Equipment $ 0. . -10 0 0 + . + . - 10 + 0 . 10 +0 . . . 10 • . 0 . . 0 -10 . 01. Electrical Equipment $ 0 => # 0 = . 0 = Ź -10 = = 10 W = 10 . 10 10 . 0. . •10 = 10 . = 10 Liabilities Accounts Payable = =$ -10 <-10 + -0 0+ -10 -10 . -10 0. 0. . <.0 -10 -10 -10 S. Sony, Capital 0 0 0 -10 -10 0 0 0. -100 0- -10 10 Equity S. Sony, Withdrawals -0 -0 <-10 0. . -10 . -10 . 0. -10 <-10 -0 10 <-10 <-0 -10 -10 -10 <.0 . Revenues 0. -10 -10 -10 -0 01- Expenses $ 0 0 0 0 0 0 0