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

Dec.		1		Sanyu Sony transferred $65,200 cash from a personal savings account to a checking account in the name of Sony Electric in exchange for its common stock.
		2		The company rented office space and paid $1,100 cash for the December rent.
		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.
		5		The company purchased office supplies by paying $800 cash.
		6		The company completed electrical work and immediately collected $2,000 cash for these services.
		8		The company purchased $2,660 of office equipment on credit.
		15		The company completed electrical work on credit in the amount of $5,500.
		18		The company purchased $490 of office supplies on credit.
		20		The company paid $2,660 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 $5,500 cash for the work completed on December 15.
		29		The company paid the assistant’s salary of $1,900 cash for this month.
		30		The company paid $530 cash for this month’s utility bill.
		31		The company paid $980 cash in dividends to the owner (sole shareholder).

Answer 1

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