How do I prepare an income statement

Help Sa mework Assignment Required Information 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 Hay 1 . Cron invested ",000 eaab in the eon any in estatge for it. rented a furnished office and paid $2,200 cash for May's rent. purchased $1.990 of office equipment on credit 1 The conpany 5 The conpany paid $750 cash for this month 's eleaning serviees 8 The conpany provided conauleing a elient 12 the company prowided 12,500 of conaulting services for a elient on credit 15 The conpany pald $ 20 The company received $2,500 cash 22 The eonpany provided $3,200 of eonsulting services on eredit. ng service. fer aclient and imediately collected SS,400 . 750 cash for an essistant a salary for the first half of thia month paynest foe the services provided on May 12 $3,200 cash payment for the servicea peovided on May 22 recelved 27 The conpany purchased 580 of advertising in this month's (Nay) Local paper on credits eash payment L 28 the company pald $750 cash foran siatant'salary for the second haif of thie month The company paid $300 eash for Shis moath'a telephone bill The conpany paid $280 cash for t i The conpany paid $,400 cash Lin dividends to the owner (oole shareholder). Problem 1-7A Part 2 and 3 21 Prepare income statement for May Prey 9 ot 11 EEE Next > MacBook Air 4 5 6 WE