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k Assignment Help Problem 1-7A Analyzing transactions and preparing financial statements LO C4, 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 a. Gram invested $40,000 canh in the company in exchange for its common stook 1 The conpany rented a furnished office and paid $2,200 cash for Hay's rent. 3 The company purchased $1,890 of oftice equipment on eredit 5 The company paid $750 cash for this month's eleaning services. 8 The eompany p 12 The company provi . 15 The coepany paid $750 caah 20 The coepany received $2,500 cash payment for the services provided on May 12 22 The company provided $3,200 of comsulting services on credit 25 The company received $3,200 cash payment for the services prov 26 The company paid 1,890 cash for the office eqaipment purchased on May 3 rovided consulting services fora client and imediately collected $5,400 cash. ided $2,500 of consulting services for a client on credit for an assistant' salary for the tirst half of this month. 27 The cospany purchased 580 of advertising in this month's (Hay) local paper on crediej caas peymest ia due June 1 28 The company paid $750 eash for an ansistant's salary for the second half of 30 The company paid $300 cash for thia month's telephone bill 30 The eompany paid $280 cash for this month's utilities 31 The company paid $1,400 caah in dividends to the Problem 1-7A Part 1 Required 1. Enter the amount of each transaction on individual each transaction. (Enter the transactions in the given order. Ent items of the accounting equation. Do not determine new account balances after er reductions to account balances with a minus sign.) 80 9 of11 Hl Next >