Question
Holden Graham started The Graham Co., a new business that began operations on May 1. The Graham Co. completed the following transactions during its first
Holden Graham started The Graham Co., a new business that began operations on May 1. The Graham Co. completed the following transactions during its first month of operations. May 1 H. Graham invested $42,500 cash in the company. 1 The company rented a furnished office and paid $2,200 cash for Mays rent.. 3 The company purchased $1,900 of office equipment on credit. 5 The company paid $780 cash for this months cleaning services. 8 The company provided consulting services for a client and immediately collected $5,700 cash. 12 The company provided $2,600 of consulting services for a client on credit. 15 The company paid $780 cash for an assistants salary for the first half of this month. 20 The company received $2,600 cash payment for the services provided on May 12. 22 The company provided $3,100 of consulting services on credit. 25 The company received $3,100 cash payment for the services provided on May 22. 26 The company paid $1,900 cash for the office equipment purchased on May 3. 27 The company purchased $75 of advertising in this months (May) local paper on credit; cash payment is due June 1. 28 The company paid $780 cash for an assistants salary for the second half of this month. 30 The company paid $350 cash for this months telephone bill. 30 The company paid $290 cash for this months utilities. 31 H. Graham withdrew $1,800 cash from the company for personal use Enter the amount of each transaction on individual items of the accounting equation. Do not determine new account balances after each transaction. (Enter the transactions in the given order. Enter reductions to account balances with a minus sign.) thank you :) what is their cash flows statement?
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