Enter the effects of each transaction for the month of May on the accounting equation by recording the $ increase and the $ decrease in the appropriate columns. There is no need to determine the new account balance after each transaction. Only the ending balance at the end of the month is needed. Determine the final total for each account and verify the accounting equation is in balance.

-Prepare an income statement for May

-Prepare astatement of retained earnings for May

-Prepare hey statement of cash flows for Maye using the indirect method

May 1 G. Gram invested $41,000 in cash in 1 The company rented a furnished office and paid $2,200 in cash for May's rent. 3 The company purchased $1,920 of office equipment 5 The company paid $790 cash for this month's cleaning services 8 The company provided consulting services for a client and immediately collected $6,100 cash. 12 The company provided $3,000 of consulting services for a client on credit. 15 The company paid $770 cash for an assistant's salary for the first half of this month 20 The 22 The company provided $3,600 of consulting services on credit. 25 The compan the company in exchange for its common stock. company received $3,000 cash payment for the services provided on May 12. y received $3,600 cash payment for the services provided on May 22 26 The company paid $1,920 in cash for the office equipment purchased on May 3 The company purchased $80 of advertising in this month's (May) local paper on credit payment is due June 1. 28 The company paid $770 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 $300 cash for this month's utilities. 1 The company paid $1,900 cash in dividends to the owner (sole shareholder) Required: Create the following tablo similar to the one below Assets Liabilities+ Equity Office Accounts Date Cash + Dividends Revenues Expenses Stock Enter the offects of each transaction above for The Gram Co. for the month of May on the accounting equation by recording the dollar () increase and the decroase in the appropriate columns. There is no need to determine the now account balance aftor each transaction. Only the ending balance at the end of the month in neoded. Thus, determine the final total for each account and verity that the accounting equation is in balance