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BOLLS PUL Required 1. Create the following table similar to the one in Exhibit 1.9. Check (1) Ending balances Cash. $14,525. Expenses, $2.300: Accounts Payable, $2,200 Assets - Liabilities + Equity Cash + Accounts + Office + Office + Office Accounts + L. Lopez. - L.Lopez. + Revenues - Receivable Expenses Supplies Equipment Suite Payable Capital Withdrawals Use additions and subtractions within the table to show the dollar effects of each transaction on indi- vidual items of the accounting equation. Show new balances after each transaction. 2. Determine the company's net income. (2) Net income, $4,500 Sanyu Sony started a new business and completed these transactions during December. Problem 1-9A Analyzing transactions and Dec. Sanyu Sony transferred $65,000 cash from a personal savings account to a checking account in preparing financial the name of Sony Electric. statements 2 The company rented office space and paid $1,000 cash for the December rent. The company purchased $13,000 of electrical equipment by paying S4,800 cash and agreeing to pay the $8,200 balance in 30 days. 5 The company purchased office supplies by paying $800 cash. 6 The company completed electrical work and immediately collected $1,200 cash for these services. 8 The company purchased $2,530 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $5,000. 18 The company purchased $350 of office supplies on credit. 20 The company paid $2,530 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 $5,000 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,400 cash for this month. 30 The company paid $540 cash for this month's utility bill. 31 Sanyu Sony withdrew $950 cash from the company for personal use