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Return to question [ine 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 $2,600 cash for May's rent. 3 The company purchased $1,900 of office equipment on credit. 5 The company paid $770 cash for this month's cleaning services. 8 The company provided consulting services for a client and immediately collected $5,600 cash. 15 The company paid $920 cash for an assistant's salary for the first half of this month. 20 The company received $2,900 cash payment for the services provided on May 12. 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. The company paid $1,900 cash for the office equipment purchased on May 3. 27 The company chased $80 of office equipment on credit. 28 The company paid $720 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 $260 cash for this month's utilities. Gram withdrew $1,800 cash from the company for personal use. 26. 31 G. Reymomation Assets Liabilities + Equity of 2 G Gram ate Cash Accounts Receivable Office Equipment Accounts Payable + G Gram, Withdrawals Revenues Capital 1 + + + $ 42,000 - + $ 42,000 (2,600) + + + + + 1 + + + + 3 1,900 1,900 + + (770) + 5 + + + 5,600 2,900 8 5,600 + + + + 12 (2,900) X + + + + + 15 + 720 X + 2,900 3,100 + 20 + + + 2,900 X + 3,100 (3,100) + + 22 25 + > 3,100 + Required information 5 8 (770) 5,600 + + Part 1 of 2 + + - + 12 + (2,900) X. 5,600 2,900 + 15 + + + 720 X 2,900 20 + + 50 points 22 + 2,900 X + 3,100+ (3,100). + + 3,100 25 + + 3,100 1,900 X + 26 + + 1 (1,900) 80 - + + 27 + + + 1 - + 28 + + + 30 + 0000 + + + (720) + (350) + (260) (1,800) + $ 49.720 30 1,800 + + 31 $ 1 800 $ 11,600 $ 42,000 $ 80 + 0 + 1,900 IS $ + + III + 770 + 5,600 2,900 + + 720 + + 3,100 + + + + 80 X + 720 + 350 260 + 1,800 + - 00 $ 5,500 $ 1,800 $ 11,600 + 1 2 Prev of 2 HA Next > 1:10 PM 8/16/2020 W