Plz do not provide image for answer .DateDec 1BalBalBalBalBalBalBalBal2Bal3Bal5Bal6815182024282930Cash01 +01 +01.+01.40.000 .+0.0.0+.AccountsReceivable+.•.++♦+.AssetsOfficeSupplies0++0+++0 .00 +00+0+0..+OfficeEquipment..+..++.....ElectricalEquipment==LiabilitiesAccountsPayable++.++.++.+..5. Sony,Capital8EquityS. Sony,Withdrawals♦.♦+..+..+..++RevenuesExpenses Required information[The following information applies to the questions displayed below.]Sanyu Sony started a new business and completed these transactionsduring December.Dec..1 Sanyu Sony transferred $65,000 cash from a personal savingsaccount to a checking account in the name of Sony Electric.2 The company rented office space and paid $1,000 cash for theDecember rent.3 The company purchased $13,000 of electrical equipment bypaying $4,800 cash and agreeing to pay the $8,200 balance in30 days.5 The company purchased office supplies by paying $800 cash.6 The company completed electrical work and immediatelyfor these services.collected $1,200 cash8 The company purchased $2,530 of office equipment on credit..15 The company completed electrical work on credit in theamourt of $5,000.18 The company purchased $350 of office supplies on credit.20 The company paid $2,530 cash for the office equipmentpurchased on December 8.24 The company billed a client $900 for electrical workcompleted; the balance is due in 30 days...28 The company, received $5,000 cash for the work completed onDecember 15.29 The company paid the assistant's salary of $1,400 cash forthis month.30 The company paid $540 cash for this month's utility bill.31 Sanyu Sony withdrew $950 cash from the company for personaluse.

This is based on accounting equation. Three main elements in accounting equation are Assets,…

Date Dec 1 Bal Bal Bal Bal Bal Bal Bal Bal 2 Bal 3 Bal Bal S 6 19 18 20 24 20 29 Cash 10 D . . D - 10 . - 10 0 . 0. . 0 • . <- 10 Accounts Receivable . . . 0 . . + . . . . . . . . . . Office Supplies 0. +0 0 • . • . . . . . . <.0 . < 10 + <-10 + +10 . -10 Office Electrical Equipment Equipment ♦ . . . . . . . . . . . . . . . W W . W W . . W W . . . . Accounts Payable . . • . . . . . . . . . . . . . . . S. Sony, Capital S. Sony, Withdrawals . . . . . Revenues Expenses

Date Dec 1 Bal Bal Bal Bal Bal Bal Bal Bal 2 Bal 3 Bal Bal S 6 19 18 20 24 20 29 Cash 10 D . . D - 10 . - 10 0 . 0. . 0 • . <- 10 Accounts Receivable . . . 0 . . + . . . . . . . . . . Office Supplies 0. +0 0 • . • . . . . . . <.0 . < 10 + <-10 + +10 . -10 Office Electrical Equipment Equipment ♦ . . . . . . . . . . . . . . . W W . W W . . W W . . . . Accounts Payable . . • . . . . . . . . . . . . . . . S. Sony, Capital S. Sony, Withdrawals . . . . . Revenues Expenses

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Zina Manufacturing Company started and completed Job 501 in December with the following Job Cost Sheet and transferred it to the warehouse. Direct Materials Date Dec 17 Dec 30 Total Direct Labor Amount Date Amount $2,000 Dec 20 $4,000 8,000 Dec 30 3,800 Total Job Cost Sheet - Job No. 501 Total Cost The journal entry to record the transaction is A) WIP Inventory FG Inventory B) Cost of Goods Sold WIP Inventory C) FG Inventory WIP Inventory D) FG Inventory WIP Inventory Debit Credit 35,800 17,800 17,800 Manufacturing Overhead Date Amount Dec 24 $10,000 Dec 30 8,000 Total 35,800 35,800 17,800 17,800 35,800