Question

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.
last two pics are the same chart. couldn't screenshot as one

Answer 1

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The Gram co Statemelot_avcck_egyity_for_the_month_endet May 2). frutallyos Amt. A Lantl. Gan Geitel_expl49.C_05_09 May ) ti Faustinal_112 Goth brige Hee Yeart'mealth 42000 t. Net some king the month si Lihava s NimHx_m9th (150) 5980 Gybl Qum_G2fpl@glence_45 on May 81 146480 bulance Sheet - Balance Sheet shout the finanual pantion of the busine.it It works on Angout Sy toegt ie Awets - 196/11tco plus owner's Equity The Game 34149ce Sheet for the month expied Maye Ame($) 80 Ague by Aml. (65) Liabilities and Equity duets Liabilities Woment Assets Accounts Payablet L ash (Refer Cach L42000 flow styfement) Owner's Equity von Client Assets Gabj spremi capite ) Equipment 4560 46480 Total Assets | 46560 | Tetyl Ligjiljko 6 Egylty | 46560