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1 of 2 ts eBook Print eferences Required information [The following information applies to the questions displayed below.] Gabi Gram started The Gram Company, a new business that began operations on May 1. The Gram Company completed the following transactions during its first month of operations. May 1 G. Gram invested $40,000 cash in the company in exchange for its common stock. May 1 The company rented a furnished office and paid $2,200 cash for May's rent. May 3 The company purchased $1,890 of equipment on credit. May 5 The company paid $750 cash for this month's cleaning services. May 8 The company provided consulting services for a client and immediately collected $5,400 cash. May 12 The company provided $2,500 of consulting services for a client on credit. May 15 The company paid $750 cash for an assistant's salary for the first half of this month. May 20 The company received $2,500 cash payment for the services provided on May 12. May 22 The company provided $3,200 of consulting services on credit. May 25 The company received $3,200 cash payment for the services provided on May 22. May 26 The company paid $1,890 cash for the equipment purchased on May 3. May 27 The company purchased $80 of equipment on credit. May 28 The company paid $750 cash for an assistant's salary for the second half of this month. May 30 The company paid $300 cash for this month's telephone bill. May 30 The company paid $280 cash for this month's utilities. May 31 The company paid $1,400 cash in dividends to the owner (sole shareholder). Required: 1 Entor the am int of och

Required information [The following information applies to the questions displayed below] Gabi Gram started The Gram Compary, a new business that began operations on May 1. The Gram Company completed the following transactions during its first month of operatoons Myy 1 6. Giran invested $40,000 cash in the conpany in exchange for Its coenon stock. May 1 . The coepany rented a furnished office and paid $2,200 cash for May's rent. May 3 The coepany purchased $1,890 of equipent on credit. May 5 The coapany paid 5750 cash for this month's cleaning services. Myy 8 The cospany provided consulting services for a client and imediately collected $5,409 cash. May 12 The company provided $2,500 of consulting services for a client co credit. Hay is The cospary paid $750 cash for an assistant's salary for the first half of this month. May 20 . The coepany received $2,5ee cash paynent for the services provided co May 12. May 22 The coepany provided \$3, 200 of consulting services on credit. May 25 The coopany recelved $3,200 cash payeent for the services provided on May 22. May 26 The company pald $1,690 cash for the equiphent porchased on May 3. Hay 27 The company purchased $80 of equipeent on credit. May 2a The coepany paid $750 cash for an assistant's salary for the second half of this month. May ia The conpany paid $300 cash for this month's teleptone bili. Mry 39 The coepany paid $280 cash for this month's utilities. Mary 31 The coepary paid $1, see cash in dividends to the oner (sole shareholder). Required information [The following information applies to the questions displayed below] Gabi Gram started The Gram Compary, a new business that began operations on May 1. The Gram Company completed the following transactions during its first month of operatoons Myy 1 6. Giran invested $40,000 cash in the conpany in exchange for Its coenon stock. May 1 . The coepany rented a furnished office and paid $2,200 cash for May's rent. May 3 The coepany purchased $1,890 of equipent on credit. May 5 The coapany paid 5750 cash for this month's cleaning services. Myy 8 The cospany provided consulting services for a client and imediately collected $5,409 cash. May 12 The company provided $2,500 of consulting services for a client co credit. Hay is The cospary paid $750 cash for an assistant's salary for the first half of this month. May 20 . The coepany received $2,5ee cash paynent for the services provided co May 12. May 22 The coepany provided \$3, 200 of consulting services on credit. May 25 The coopany recelved $3,200 cash payeent for the services provided on May 22. May 26 The company pald $1,690 cash for the equiphent porchased on May 3. Hay 27 The company purchased $80 of equipeent on credit. May 2a The coepany paid $750 cash for an assistant's salary for the second half of this month. May ia The conpany paid $300 cash for this month's teleptone bili. Mry 39 The coepany paid $280 cash for this month's utilities. Mary 31 The coepary paid $1, see cash in dividends to the oner (sole shareholder)

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