Required information Problem 1-9 A Analyzing transactions and preparing financial statements LO C4, P1, P2 [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 $67, 800 cash from a personal savings account to a checking account in the name of Sony Electric 2 The company rented office space and paid $1,500 cash for the December rent. 3 The company purchased $13, 100 of electrical equipment by paying $4,900 cash and agreeing to pay the $8,200 balance in 30 days. 5 The company purchased office supplies by paying $1,000 cash. 6 The company completed electrical work and immediately collected $1,400 cash for these services. 8 The company purchased $2,630 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $6,200. 18 The company purchased $320 of office supplies on credit. 20 The company paid $2,630 cash for the office equipment purchased on December 8. 24 The company billed a client $800 for electrical work completed; the balance is due in 30 days. 28 The company received $6,200 cash for the work completed on December 15. The company paid the assistant s salary of $1,500 cash for this mon 30 The company paid $520 cash for this month' s utility bill. 31 Sanyu Sony withdrew $940 cash from the company for personal use. Required information Problem 1-9A Part 1 Required: 1. Enter the amount of each transaction on individual items of the accounting equation. (Enter reductions to accounting balances with a minus sign.) Liabilities . Assets Office Supplies Accounts Date Cash Accounts Receivable + - Electrical Equipment Office Equipment + S. Sony, Capital Equity S. Sony, Withdrawals + Revenues - Expenses Payable Dec. Bal Bal. Pal Bal OOOOOHHH Bal. 0 + $ 0 + S0 = 50$