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Gabi Gram started The Gram Company, a new business that began operations on May 1 . The Gram Company completed the following transactions during its
Gabi Gram started The Gram Company, a new business that began operations on May The Gram Company completed the following transactions during its first month of operations. May Gabi Gran invested $ cash in the company. May The company rented a furnished office and paid $ cash for May's rent. May The company purchased $ of equipment on credit. May The company paid $ cash for this month's cleaning services. May The company provided consulting services for a client and immediately collected $ cash. May The company provided $ of consulting services for a client on credit. May The company paid $ cash for an assistant's salary for the first half of this month. May The company received $ cash payment for the services provided on May May The company provided $ of consulting services on credit. May The company received $ cash payment for the services provided on May May The company paid $ cash for the equipment purchased on May May The company purchased $ of equipment on credit. May The company paid $ cash for an assistant's salary for the second half of this month. May The company paid $ cash for this month's telephone bill. May The company paid $ cash for this month's utilities. May Gabi Gram withdrew $ cash from the company for personal use. a Prepare the income statement for May. b Prepare the statement of owner's equity for May. c Prepare the balance sheet for May Prepare the statement of cash flows for May. Complete this question by entering your answers in the tabs below. Required Required Prepare the statement of cash flows for May. Note: Cash outflows should be indicated with a minus sign.
Gabi Gram started The Gram Company, a new business that began operations on May The Gram Company completed the following transactions during its first month of operations.
May Gabi Gran invested $ cash in the company.
May The company rented a furnished office and paid $ cash for May's rent.
May The company purchased $ of equipment on credit.
May The company paid $ cash for this month's cleaning services.
May The company provided consulting services for a client and immediately collected $ cash.
May The company provided $ of consulting services for a client on credit.
May The company paid $ cash for an assistant's salary for the first half of this month.
May The company received $ cash payment for the services provided on May
May The company provided $ of consulting services on credit.
May The company received $ cash payment for the services provided on May
May The company paid $ cash for the equipment purchased on May
May The company purchased $ of equipment on credit.
May The company paid $ cash for an assistant's salary for the second half of this month.
May The company paid $ cash for this month's telephone bill.
May The company paid $ cash for this month's utilities.
May Gabi Gram withdrew $ cash from the company for personal use.
a Prepare the income statement for May.
b Prepare the statement of owner's equity for May.
c Prepare the balance sheet for May
Prepare the statement of cash flows for May.
Complete this question by entering your answers in the tabs below.
Required
Required
Prepare the statement of cash flows for May.
Note: Cash outflows should be indicated with a minus sign.
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