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of 2 Look Company completed the following transactions during its first month of operations. May 1 Gabi Gram invested $45,000 cash in the company. May
of 2 Look Company completed the following transactions during its first month of operations. May 1 Gabi Gram invested $45,000 cash in the company. May 1 The company rented a furnished office and paid $2,400 cash for May's rent. May 3 The company purchased $1,850 of equipment on credit. May 5 The company paid $740 cash for this month's cleaning services. May 8 The company provided consulting services for a client and immediately collected $5,400 cash. May 12 The company provided $2,800 of consulting services for a client on credit. May 15 The company paid $750 cash for an assistant's salary for the first half of this month. May 20 The company received $2,800 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 May 26 The company May 27 The company purchased $80 of equipment on credit. May 28 The company paid $750 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 $280 cash for this month's utilities. May 31 Gabi Gram withdrew $1,800 cash from the company for personal use. Date May 1 May 1 Company, a new business mal beyan operations on May 1. The Required: 1. Enter the amount of each transaction on individual items of the accounting equation. Note: Enter the transactions in the given order. Enter reductions to account balances with a minus sign. Select "NA" for account titles if the transaction does not include an expense. Cash + $45,000 (2,400) received $3,400 cash payment for the services provided on May 22. paid $1,850 cash for the equipment purchased on May 3. + Assets Accounts Receivable + Equipment = + = + = = Liabilities + Accounts Payable + + + Gabi Gram, Capital II Equity Gabi Gram, Withdrawals + Revenues Expenses + +
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