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Required Information [The following infometion spplies to the questions displayed below.] Gobl Grom started The Grom Compony, s new business that begsn operstians on Msy

image text in transcribed Required Information [The following infometion spplies to the questions displayed below.] Gobl Grom started The Grom Compony, s new business that begsn operstians on Msy 1. The Grom Compony completed the following transections during ts first month of aperstions. May 1 G. Gean invested 541,56e cash in the company in exchange for its cormon stock. May 1 The company runted a furnishod offlice and pald \$2, 329 cash for May's rent. Mary 3 The company parchasiod $1,936 of equipesnt on crodit. May 5 The conpany paid $76 cash for this month's clearing services. May \& The company providod consulting services for a client and Imodiately collected \$5,7eg cash. Way 15 The corpany paid $720 cash for in assistant's salary for the first half of this month. Way 20 The corpany rvcelved \$2, 409 cash paymont for the services provided on May 12. way 22 The company providod $3,839 of consulting sorvices on credit. Way 26 The corpany paid \$1,230 cash for the equipesnt porchased on way 3. Way 27 The carpany porchased $89 of equipnent on crodit. Way 28 The company paid $720 cash for in assistant's salary for the socond half of this ronth. Way 39 The company paid $350 cash for this month's telephone bill. way 39 The company paid $2.66 cash for this month's utilitios. way 31 The conpany paid $1,796 cash in dividonds to the ower. (sole slareholder). 2-s. Prepore the income stetement for Moy. 2-b. Prepse the ststement of retsined esinings for Msy- 2-c. Prepore the bolance shect for Moy 31. 3. Prepse the statement of ceah flows for Moy. Complete this question by entering your answers in the tabs below. Prepare the statement of ash flowa for May. Note: Cash outflowa should be indicated with a minus sign

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