income statement

MyLab & Mastering... Desmos | Graphing... Slope Calculator rk i Help Sa [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 $66,800 cash from a personal savings account to a checking account in the name of Sony Electric in exchange for its common stock. 2 The company rented office space and paid $1,000 cash for the December rent. 3 The company purchased $13,500 of electrical equipment by paying $5,300 cash and agreeing to pay t $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 $1,800 cash for these services. 8 The company purchased $2,770 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $5,100. 18 The company purchased $430 of office supplies on credit. 20 The company paid $2,770 cash for the office equipment purchased on December 8. 24 The company billed a client $900 for electrical work completed; the balance is due in 30 days. 28 The company received $5,100 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,500 cash for this month. 30 The company paid $590 cash for this month's utility bill. 31 The company paid $920 cash in dividends to the owner (sole shareholder). lem 1-9A Part 2 and 3 repare an income statement for the current month hapter 1 Homework Required information 10 ON Income Statement For Month Ended December 31 2 of 2 Revenues Electrical fees earned $ 7,800 Total Revenues 7,800 1,000 1,130 ook ences 1,500 Expenses Rent expense Office supplies Salaries expense Miscellaneous expenses Utilities expense Total expenses Net loss 6,200 590 10,420 $ (2.620) Required 2B > ca 10 Neyt