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please help asap Required information Problem 1-7A (Algo) Analyzing transactions and preparing financial statements LO P1, P2 (The following information applies to the questions displayed
please help asap Required information Problem 1-7A (Algo) Analyzing transactions and preparing financial statements LO P1, P2 (The following information applies to the questions displayed below.) Gabi Gram started The Gram Company, a new business that began operations on May 1, The Gram Company completed the following transactions during its first month of operations. May 1 G. Gram invested $44,000 cash in the company in exchange for its common stock. May 1 The company rented a furnished office and paid $2,50G cash for May's rent May 3 The company purchased $1,888 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 mediately collected $5,500 cash. May 12 The company provided $2,000 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 $2,600 cash payment for the services provided on May 12 May 22 The company provided $3,200 of consulting services on credit May 25 The company received $3,200 cash payment for the services provided on May 22 May 26 The company paid $1.880 cash for the equipment purchased on May 3 May 27 The company purchased 50 of equipment on credit May 28 The company paid $750 cash for an assistant salary for the second half of this month May 30 The company paid $350 cash for this months telephone hill. May 30 The company paid $250 cash for this month's utilities May 31 The company paid $1,500 cash in dividends to the owner (solo shareholder) Required: 1. Enter the amount of each transaction on individual items of the accounting equation (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.) Assets Liabilities + Equity Date Cash Accounts Receivable Equipment Accounts Payable Common Stock Dividends Revenues Account Titles for Expenses Expenses $44,000 + + +++ May 1 May 1 May 3 May 5 May May 12 May 15 May 20 May 22 May 25 May 26 May 27 May 28 May 30 May 30 May 21 ++ + $44.000 O. 8 18
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