Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

May 1 G. Gram invested $44,500 cash in the company in exchange for its common stock. May 1 The company rented a furnished office and

image text in transcribed
May 1 G. Gram invested $44,500 cash in the company in exchange for its common stock. May 1 The company rented a furnished office and paid $2,200 cash for May's rent. May 3 The company purchased $1,910 of equipment on credit. May 5 The company paid $750 cash for this month's cleaning services. May 8 The company provided consulting services for a client and immediately collected $5,500 cash. May-12 The company provided $2,900 of consulting services for a client on credit. May 15 The company paid $760 cash for an assistant's salary for the first half of this month. May 20 The company received $2,900 cash payment for the services provided on May 12 . May 22 The company provided $3,400 of consulting services on credit. May 25 The company received $3,400 cash payment for the services provided on May 22. May 26 The company paid $1,910 cash for the equipment purchased on May 3. Kay 27 The company purchased $80 of equipment on credit. May 28 The company paid $760 cash for an assistant's salary for the second half of this month. May 30 The company paid $350 cash for this month's telephone bill. May 30 The company paid $270 cash for this month's utilities. May 31 The company paid $1,800 cash in dividends to the owner (sole shareholder). May 1 G. Gram invested $44,500 cash in the company in exchange for its common stock. May 1 The company rented a furnished office and paid $2,200 cash for May's rent. May 3 The company purchased $1,910 of equipment on credit. May 5 The company paid $750 cash for this month's cleaning services. May 8 The company provided consulting services for a client and immediately collected $5,500 cash. May-12 The company provided $2,900 of consulting services for a client on credit. May 15 The company paid $760 cash for an assistant's salary for the first half of this month. May 20 The company received $2,900 cash payment for the services provided on May 12 . May 22 The company provided $3,400 of consulting services on credit. May 25 The company received $3,400 cash payment for the services provided on May 22. May 26 The company paid $1,910 cash for the equipment purchased on May 3. Kay 27 The company purchased $80 of equipment on credit. May 28 The company paid $760 cash for an assistant's salary for the second half of this month. May 30 The company paid $350 cash for this month's telephone bill. May 30 The company paid $270 cash for this month's utilities. May 31 The company paid $1,800 cash in dividends to the owner (sole shareholder)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting And Finance For Your Small Business

Authors: Eric James Burton, Steven M Bragg

1st Edition

9780471323600

More Books

Students also viewed these Accounting questions