Question: please answer clearly thanks im in a rush Requlred Informetlon [The following information applies to the questions displayed below.] Sanyu Sony started a new business
please answer clearly thanks im in a rush
Requlred Informetlon [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, 300 cash from a personal savings account to a checking account in the name of Sony Electric. December 2 The company paid $1,990 cash for the December rent. December 3 The company purchased $13,200 of electrical equipment by paying $5, e0e cash and agreeing to pay the $8,20 balance in 30 days. December 5 The company purchased supplies by paying $800 cash. December 6 The company completed electrical work and immediately collected $1,70 cash for these services. December 8 The company purchased $2,97 of office equipment on credit. December 15 The company completed electrical work on credit in the amount of $6,280. December 18 The company purchased $446 of supplies on credit. December 20 The company paid $2,970 cash for the office equipment purchased on December 8. December 24 The company billed a client $9ee for electrical work completed; the balance is due in 30 days. December 28 The company received $6,20 cash for the work completed on December 15 . December 29 The company paid the assistant's salary of $2,6e cash for this month. December 30 The company paid $53 cash for this month's utility bill. December 31 Sanyu Sony withdrew $950 cash from the company for personal use. Requlred: 1. Enter the amount of each transaction on individual items of the accounting equation. Note: Enter reductlons to eccount belences with a minus sign
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
