Problem $1-9$A $$ Analyzing Effects of Transactions $-$ Required $1-$ Required $2-$ Do not do Requireds $3$ and $4.$

Problem $2-3$A $$ Preparing and Posting Journal Entries; Preparing and Trial Balance $-$ All $3$ Requireds $(1,2$ and $3).$ Problem $1-9$A

Analyzing transactions and preparing financial statements

P$1$ P$2$

Sanyu Sony started a new business and completed these transactions during December.

Dec. $1$ Sanyu Sony transferred $\backslash (\backslash$$ $65,000\backslash )$ cash from a personal savings account to a checking account in the name of Sony Electric.

$2$ The company paid $\backslash (\backslash$$ $1,000\backslash )$ cash for the December rent.

$3$ The company purchased $\backslash (\backslash$$ $13,000\backslash )$ of electrical equipment by paying $\backslash (\backslash$$ $4,800\backslash )$ cash and agreeing to pay the $\backslash (\backslash$$ $8,200\backslash )$ balance in $30$ days.

$5$ The company purchased supplies by paying $\backslash (\backslash$$ $800\backslash )$ cash.

$6$ The company completed electrical work and immediately collected $\backslash$$$1,200$ cash for these services.

$8$ The company purchased $\backslash (\backslash$$ $2,530\backslash )$ of office equipment on credit.

$15$ The company completed electrical work on credit in the amount of $\backslash$$$5,000.$

$18$ The company purchased $\backslash (\backslash$$ $350\backslash )$ of supplies on credit.

$20$ The company paid $\backslash$$$2,530$ cash for the office equipment purchased on December $8.$

$24$ The company billed a client $\backslash (\backslash$$ $900\backslash )$ for electrical work completed; the balance is due in $30$ days.

$28$ The company received $\backslash$$$5,000$ cash for the work completed on December $15.$

$29$ The company paid the assistant's salary of $\backslash$$$1,400$ cash for this month.

$30$ The company paid $\backslash (\backslash$$ $540\backslash )$ cash for this month's utility bill.

$31$ Sanyu Sony withdrew $\backslash (\backslash$$ $950\backslash )$ cash from the company for personal use.

Required

$1.$ Create the following table similar to Exhibit $1\mathrm{.}9.$ Use additions and subtractions within the table to show the dollar effects of each transaction on individual items of the accounting equation. Show new balances after each transaction.

Check $(1)$ Ending balances: Cash, $\backslash$$$59,180$; Accounts Payable, $\backslash$$$8,550$

$2.$ Prepare the income statement and the statement of owner's equity for the current month, and the balance sheet as of the end of the month.

$(2)$ Net income, $\backslash (\backslash$$ $4,160\backslash )$; Total assets, $\backslash (\backslash$$ $76,760\backslash )$