subject
Business, 18.02.2020 03:20 hdjsjshshsh

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 SI, OOO cash for the December rent.
3 The company purchased $13,000 of electrical equipment by paying S4,800 cash and agreeing to pay the S8,200 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 S350 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.

Prepare an income statement, statement of rettained earings, balance sheet, and statement of cash flows for the current month.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 07:10
Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.
Answers: 3
question
Business, 22.06.2019 10:30
Jack manufacturing company had beginning work in process inventory of $8,000. during the period, jack transferred $34,000 of raw materials to work in process. labor costs amounted to $41,000 and overhead amounted to $36,000. if the ending balance in work in process inventory was $12,000, what was the amount transferred to finished goods inventory?
Answers: 2
question
Business, 23.06.2019 00:00
How much is a 2019 tesla? ? exact price trying to buy for my 6 year old sister
Answers: 2
question
Business, 23.06.2019 00:00
Match each economic concept with the scenarios that illustrates it
Answers: 2
You know the right answer?
Sanyu Sony started a new business and completed these transactions during December.

Dec...
Questions
question
Mathematics, 09.10.2019 06:10
Questions on the website: 13722363