May 25. the company recieved $3,200 cash payment for the services provided on May 22. May 26. The company paid $1,890 cash for the office equipment purchased on May 3. May 27. the company purchased $80 of advertising in this months ( May) local paper own credit ; cash payment is due June 1. May 28. the company paid $750 each for an assistants salary for the second half of this month. May 30. the company $300 cash for this month's telephone bill. May 30. the company paid $280 cash for this month's utilities. May 31. G. Gram withdrew $ 1,400 cash from the company personal use.

Gabi Gram started The Gram Co. a new business that began operations on May 1. The Gram Co. com- Problem 1-7A leted the following transactions during its first month of operations. Analyzing transactio May 1 G. Gram invested $40,000 cash in the company. preparing financial statements 1 The company rented a furnished office and paid $2,200 cash for May's rent. C4 P1 P2 3 The company purchased $1,890 of office equipment on credit. 5 The company paid $750 cash for this month's cleaning services 8 The company provided consulting services for a client and immediately collected $5,400 cash. The company provided $2,500 of consulting services for a client on credit. 12 15 The company paid $750 cash for an assistant's salary for the first half of this month. 20 The company received $2,500 cash payment for the services provided on May 12. 22 The company provided $3,200 of consulting services on credit. Gabi Gram started The Gram Co. a new business that began operations on May 1. The Gram Co. com- Problem 1-7A leted the following transactions during its first month of operations. Analyzing transactio May 1 G. Gram invested $40,000 cash in the company. preparing financial statements 1 The company rented a furnished office and paid $2,200 cash for May's rent. C4 P1 P2 3 The company purchased $1,890 of office equipment on credit. 5 The company paid $750 cash for this month's cleaning services 8 The company provided consulting services for a client and immediately collected $5,400 cash. The company provided $2,500 of consulting services for a client on credit. 12 15 The company paid $750 cash for an assistant's salary for the first half of this month. 20 The company received $2,500 cash payment for the services provided on May 12. 22 The company provided $3,200 of consulting services on credit