Question: last two pics are the same chart. couldn't screenshot as one Required information Problem 1-7A Analyzing transactions and preparing financial statements LO C4, P1, P2

last two pics are the same chart. couldn't screenshot as one Requiredinformation Problem 1-7A Analyzing transactions and preparing financial statements LO C4, P1,P2 [The following information applies to the questions displayed below.) Gabi Gramstarted The Gram Co., a new business that began operations on May1. The Gram Co. completed the following transactions during its first monthof operations. May 1 G. Gram invested $42,000 cash in the company.last two pics are the same chart. couldn't screenshot as one

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. May 1 G. Gram invested $42,000 cash in the company. 1 The company rented a furnished office and paid $2,100 cash for May's rent. 3 The company purchased $4,560 of office equipment on credit. 5 The company paid $780 cash for this month's cleaning services. 8 The company provided consulting services for a client and immediately collected $5,200 cash. 12 The company provided $2,500 of co 15 The company paid $790 cash for an assistant's salary for the first half of this month. 20 The company received $2,500 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 26 The company paid $4,560 cash for the office equipment purchased on May 3. 27 The company purchased $80 of advertising in this month's (May) local paper on credit; cash payment is due June 1. 28 The company paid $790 cash for an assistant's salary for the second half of this month. 30 The company paid $300 cash for this month's telephone bill. 30 The company paid $280 cash for this month's utilities. 31 G. Gram withdrew $1,500 cash from the company for personal use. THE GRAM CO. Income Statement For Month Ended May 31 Revenues: Consulting services revenue Land 5,900 400 3,500 Accounts payable $ 2,100 780 Expenses Rent expense Cleaning expense Salaries expense Advertising expense Telephone expense Utilities expense 1,580 80 300 280 Total expenses 5,120 2.2. Prepare statement of owner's equity for May. THE GRAM CO Statement of Owner's Equity For Month Ended May 31 G. Gram, Capital, May 1 $ G. Gram, Capital, May 31 0 2.3. Prepare Balance Sheet for May 31. THE GRAM CO. Balance Sheet May 31 Assets Liabilities Equity Total assets | $ 0 Total liabilities and equity | $ 0 3. Prepare statement of cash flows for May. (Cash outflows should be indicated with a minus sign.) THE GRAM CO. Statement of Cash Flows For Month Ended May 31 Cash flows from operating activities Cash flows from investing activities Cash flows from investing activities Cash flows from financing activities Cash balance, May 1 Cash balance, May 31

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