work Sanyu Sony started a new business and completed these transactions during D
ID: 2334450 • Letter: W
Question
work Sanyu Sony started a new business and completed these transactions during December Dec. 1 Samyu Sony trensferred $68,80 cash from a personal savings account to a checking account In the name of Sany Electric 2 The company rented office space and paid $1,789 cash for the December rent 3 The company purchased $13,700 of electrical equipment by paying $5,580 cash and agreeing to pay the $8,200 balance in 38 days 5 The company purchased office supplies by paying $980 cash 6 The company completed electrical work and iemediately collected 31,700 cash for these services. 8 The company purchased $2,848 of office equipment on credit 15 The c any Cimpleted electrical work on credit in the amount of $6,000 18 The company purchased $440 of office supplies on credit 20 The company paid $2,848 cash for the office equipment purchased on December &. 24 The company billed a client 59e9 for electrical work completed; the balance is due in 30 days. 28 The conpany recelved $6,000 cash for the work c 29 The company paid the assistant's salary of $2,800 cash for this month. completed on December 15. 0 The company pald $530 cash for this month's utility bil1 31 Sanyu Sony withdrew $989 cash from the company for personal use. 21. Prepare an income statement for the current month Income Statement Prey B.of8 Not F Rowan College GLOUCESTER COUNTYExplanation / Answer
SANYU SONY INCOME STATEMENT FOR DECEMBER Revenue $8,600 Less : Expenses Rent Expense $1,700 Assistant Salary $2,000 Utility Bill $530 $4,230 Net Income $4,370 Revenue 6.12 $1,700 15.12 $6,000 24.12 $900 $8,600
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