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Sanyu Sony started a new business and completed these transactions during December.
December 1 Sanyu Sony transferred $65,200 cash from a personal savings account to a checking account in the name of Sony Electric.
December 2 The company paid $1,400 cash for the December rent.
December 3 The company purchased $14,600 of electrical equipment by paying $6,400 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 $1,300 cash for these services.
December 8 The company purchased $2,610 of office equipment on credit.
December 15 The company completed electrical work on credit in the amount of $5,500.
December 18 The company purchased $450 of supplies on credit.
December 20 The company paid $2,610 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 $5,500 cash for the work completed on December 15.
December 29 The company paid the assistant’s salary of $1,800 cash for this month.
December 30 The company paid $510 cash for this month’s utility bill.
December 31 Sanyu Sony withdrew $930 cash from the company for personal use.
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.
