Question: how can I make this into an income statement? Problem 1-7A Analyzing transactions and preparing financial statements LO C4, P1, P2 The following information applies

 how can I make this into an income statement? Problem 1-7A

how can I make this into an income statement?

Problem 1-7A Analyzing transactions and preparing financial statements LO C4, P1, P2 The following information applies to the questions displayed below.] Gabi Gram started The Gram Co., a new business that began operations on May 1. The Gram Co. completed the following transactions during its first month of operations. May 1 G. Gram invested $43,000 cash in the company. 1 The company rented a furnished office and paid $2,400 cash for May's rent. 3 The company purchased $4,270 of office equipment on credit. 5 The company paid $760 cash for this month's cleaning services. 8 The company provided consulting services for a client and immediately collected $5,600 cash. 12 The company provided $2,400 of consulting services for a client on credit. 15 The company paid $730 cash for an assistant's salary for the first half of this month. 20 The company received $2,400 cash payment for the services provided on May 12. 22 The company provided $3,400 of consulting services on credit. 25 The company received $3,400 cash payment for the services provided on May 22. 26 The company paid $4,270 cash for the office equipment purchased on May 3. 27 The company purchased $75 of advertising in this month's (May) local paper on credit; cash payment is due June 1. 28 The company paid $ 730 cash for an assistant's salary for the second half of this month. 30 The company paid $350 cash for this month's telephone bill. 30 The company paid $260 cash for this month's utilities. 31 G. Gram withdrew $1,900 cash from the company for personal use. oblem 1-7A Part 2 and 3 . Prepare income statement for May. THE GRAM CO. Income Statement

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