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Help me with the statement of cash flows. Ch1 Homework Assignment Help Save & Exit Submit Check my work 12 Required information Problem 1-7A Analyzing
Help me with the statement of cash flows.
Ch1 Homework Assignment Help Save & Exit Submit Check my work 12 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 Part 2 of 2 points transactions during its first month of operations. Nay 1 G. Gran invested $40,000 cash in the conpany in exchange for its common atock 1 The conpany rented a furnished office and paid $2,200 cash for May's rent 3 The conpany purchased 1,890 of office equipnent on credit 5 The company paid $750 cash for this north's cleaning ervices 8 The conpany provided consulting ervices for a olient and innediately collected $5,400 cash 12 The conpany provided $2,500 of consulting eervices for a client on credit 15 The conpany paid $750 cash for an assistant's salary for the firet half of this month 20 The conmpany received $2,500 cash payment for the services provided on May 12 22 The conpany provided 3,200 of consulting services on eredit 25 The conpany received 3,200 cash payment for the servicee provided on May 22 26 The conpany paid 1,890 cash for the office equipnent purchased on May 3 27 The company purchased $80 of advertising in this nonth'8 (May local paper on credit; cash payment is References 28 The conpany paid $750 cash for an assistant '8 salary for the second half of this month 30 The conpany paid $300 cash for this onth s telephone bill 30 The conpany paid $280 cash for this nonth s uilities 31 The conpany paid s1,400 cash in dividends to the owner (sole shareholder Problem 1-7A Part 2 and 3 2.1 Prepare income statement for May. THE GRAM CO. Income Statement For Month Ended May 31Step by Step Solution
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