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 in exchange for its common stock.
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 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
the company paid $950 cash in dividends to the owner (sole shareholder).
prepare an income statement, statement of rettained earings, balance sheet, and statement of cash flows for the current month.