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! Required information [ The following information applies to the questions displayed below. ] Gabi Gram started The Gram Company, a new business that began
Required information
The following information applies to the questions displayed below.
Gabi Gram started The Gram Company, a new business that began operations on May The Gram Company completed the following transactions during its first month of operations.
May Gabi Gram invested $ cash in the company.
May The company rented a furnished office and paid $ cash for May's rent.
May The company purchased $ of equipment on credit.
May The company paid $ cash for this month's cleaning services.
May The company provided consulting services for a client and immediately collected $ cash.
May The company provided $ of consulting services for a client on credit.
May The company paid $ cash for an assistant's salary for the first half of this month.
May The company received $ cash payment for the services provided on May
May The company provided $ of consulting services on credit.
May The company received $ cash payment for the services provided on May
May The company paid $ cash for the equipment purchased on May
May The company purchased $ of equipment on credit.
May The company paid $ cash for an assistant's salary for the second half of this month.
May The company paid $ cash for this month's telephone bill.
May The company paid $ cash for this month's utilities.
May Gabi Gram withdrew $ cash from the company for personal use.
a Prepare the income statement for May.
b Prepare the statement of owner's equity for May.
c Prepare the balance sheet for May
Prepare the statement of cash flows for May.
Complete this question by entering your answers in the tabs below.
Required A
Required B
Required C
Prepare the statement of cash flows for May.
Note: Cash outflows should be indicated with a minus sign.
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