Sanyu Sony started a new business and completed these transactions during December. December 1 Sanyu Sony transferred $66,700 cash from a personal savings account to a checking account in the name of Sony Electric in exchange for its common stock. December 2 The company paid $1,400 cash for the December rent. December 3 The company purchased $14,000 of electrical equipment by paying $5,800 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 $1,500 cash for these services. December 8 The company purchased $2,970 of office equipment on credit. December 15 The company completed electrical work on credit in the amount of $4,000. December 18 The company purchased $430 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 $800 for electrical work completed; the balance is due in 30 days. December 28 The company received $4,000 cash for the work completed on December 15. December 29 The company paid the assistants salary of $1,700 cash for this month. December 30 The company paid $530 cash for this months utility bill. December 31 The company paid $940 cash in dividends to the owner (sole shareholder)