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(Solved): Sanyu Sony started a new business and completed these transactions during December.December 1 Sanyu ...



Sanyu Sony started a new business and completed these transactions during December.December 1 Sanyu Sony transferred $64,500 cash from a personal savings account to checking account in thename of Sony Electric in exchange for its common stock. The company paid $1,900 cash for the December rent.December 2December 3 The company purchased $14,000 of electrical equipment by paying $5,888 cash and agreeing to pay the $8,280 balance in 30 days.December 5 The company purchased supplies by paying $1,000 cash. December 6 The company completed electrical trical work and immediately collected $1,700 cash for these services.12,978 of office equipment on credit. December 8 The company purchased $2,978 December 15 The company completed electrical work on credit in the amount of $5,000.December 18 The company purchas any purchased $440 of supplies on credit.December 20 The company December 24 The cong ompany $ $2,970 cash for the office equipment purchased on December 8. ompany billed a client $800 for electrical work compl completed; the balance is due in 30 days. December 28 The company received $5,000 cash for the work completedassistans forather on December 15. December 38 The company paid $550 cash for this month's utility bilfor this month.31 The company paid $978 cash in dividends to to the owner (sole shareholder).



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