:.. ,Reader ..echegg Study l Guide,' . What IsAnleo me s @ ACC 2101 Syllabus ework . com/flo Help S roblem 1-7A Analyzing transactions and preparing financial statements LO C4, P1, P2 The following information applies to the questions displayed below. abi Gram started The Gram Co., a new business that began operations on May 1. The Gram Co. completed the ollowing transactions during its first month of operations. ay 1 G. Gram invested $48,eee cash in the company in exchange for its common stock 1 The company rented a furnished office and paid $2,280 cash for May"'s rent 3 The company purchased $1,890 of office equipment on credit 5 The company paid $758 cash for this month's cleaning services 8 The company provided consulting services for a client and immediately collected $5,489 cash 12 The company provided $2,see of consulting services for a client on credit 15 The company paid $758 cash for an assistant's salary for the first half of this month. 28 The company received $2,5e0 cash payment for the services provided on May 12 22 The company provided $3,2ee of consulting services on credit 25 The company received $3,28e cash payment for the services provided on May 22. 26 The company paid $1,898 cash for the office equipment purchased on May 3. 27 The company purchased $88 of office equipment on credit 28 The company paid $750 cash for an assistant's salary for the second half of this month 30 The company paid $300 cash for this month's telephone bill 3e The company paid $288 cash for this month's utilities 31 The company paid $1,480 cash in dividends to the owner (sole shareholder)