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I'm so lost with these. Chec Problem 1-7A Analyzing transactions and preparing financial statements LO P1, P2 [The following information applies to the questions displayed
I'm so lost with these.
Chec Problem 1-7A Analyzing transactions and preparing financial statements LO 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 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. 12 The company provided $2,900 of consulting services for a client on credit. 15 The company paid $720 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. 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 $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. 31 G. Gram withdrew $1,800 cash from the company for personal use. roblem 1-7A Part 2 and 3 COD Prey of 2 Next THE GRAM CO. Statement of Cash Flows For Month Ended May 31 Cash flows from operating activities $ 0 Cash flows from investing activities GN Next Prey of 2 UN $ 0 Cash flows from investing activities O Cash flows from financing activities 0 $ 0 0 Cash balance, May 1 Cash balance, May 31 $ 0 Required 20 CD Prev 2 of 2Step by Step Solution
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