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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Plz do not provide image for answer
Transcribed Image Text:.
Date
Dec 1
Bal
Bal
Bal
Bal
Bal
Bal
Bal
Bal
2
Bal
3
Bal
5
Bal
6
8
15
18
20
24
28
29
30
Cash
01 +
01 +
01.
+
01.
4
0.
0
0
0 .
+
0
.
0
.
0+
.
Accounts
Receivable
+
.
•
.
+
+
♦
+
.
Assets
Office
Supplies
0+
+
0+
+
+
0 .
0
0 +
0
0
+
0
+
0.
.
+
Office
Equipment
.
.
+
.
.
+
+
.....
Electrical
Equipment
=
=
Liabilities
Accounts
Payable
+
+
.
+
+
.
+
+
.
+
..
5. Sony,
Capital
8
Equity
S. Sony,
Withdrawals
♦
.
♦
+
.
.
+
.
.
+
.
.
+
+
Revenues
Expenses
![Required information
[The following information applies to the questions displayed below.]
Sanyu Sony started a new business and completed these transactions
during December.
Dec.
.
1 Sanyu Sony transferred $65,000 cash from a personal savings
account to a checking account in the name of Sony Electric.
2 The company rented office space and paid $1,000 cash for the
December rent.
3 The company purchased $13,000 of electrical equipment by
paying $4,800 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
for these services.
collected $1,200 cash
8 The company purchased $2,530 of office equipment on credit..
15 The company completed electrical work on credit in the
amourt 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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F45ab5402-77c4-4499-8cdc-8fe8338c08e7%2Fe5c6acae-165c-4dc5-8072-81ca73334873%2F20qloj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
Sanyu Sony started a new business and completed these transactions
during December.
Dec.
.
1 Sanyu Sony transferred $65,000 cash from a personal savings
account to a checking account in the name of Sony Electric.
2 The company rented office space and paid $1,000 cash for the
December rent.
3 The company purchased $13,000 of electrical equipment by
paying $4,800 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
for these services.
collected $1,200 cash
8 The company purchased $2,530 of office equipment on credit..
15 The company completed electrical work on credit in the
amourt 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.
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