The following information applies to the questions displayed

Last updated: 5/18/2023

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 66 288 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 1 900 cash for the December rent December 3 The company purchased 13 788 of electrical equipment by paying 5 588 cash and agreeing to pay the 8 200 balance in 30 days December 5 The company purchased supplies by paying 980 cash December 6 The company completed electrical work and immediately collected 1 288 cash for these services December 8 The company purchased 2 598 of office equipment on credit December 15 The company completed electrical work on credit in the amount of 5 100 December 18 The company purchased 480 of supplies on credit December 28 The company paid 2 590 cash for the office equipment purchased on December 8 December 24 The company billed a client 1 000 for electrical work completed the balance is due in 30 days December 28 The company received 5 100 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 570 cash for this month s utility bill December 31 The company paid 950 cash in dividends to the owner sole shareholder Required 1 Enter the amount of each transaction on individual items of the accounting equation Note Enter reductions to account balances with a minus sign Date December 1 December 2 Balance after December 1 and December 2 December 3 Balance after December 3 Cash 0 0 Accounts Receivable 0 0 Assets Supplies 0 0 Office Equipment 0 0 Electrical Equipment B 0 0 Liabilities Accounts Payable 0 0 Common Stock 0 D