Required information 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 16 Gran invested 142,500 cash in the company in exchange for its Connon stock The company rented a furnished office and paid 12,300 cash for May's rent 3 The company purchased sa, of office equipment on credit. 5 The company paid 5760 cash for this month's cleaning services. The company provided consulting services for a client and immediately collected 35,00 cash 12 The company provided $3,000 of consulting services for a client on credit. 15 The company paid $730 cash for an assistant's salary for the first half of this month 20 The company received 33,000 cash payment for the services provided on May 12. 22 The company provided 33,700 of consulting services on credit 25 The company received 13,700 cash paynent for the services provided on May 22. 20 The company paid $1,900 cash for the office equipment purchased on May 3. 27 Th company purchased 50 of office equipment on credit. 28 The company paid 5730 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 30 The company paid $270 cash for this month's utilities 31 The company paid $1,900 cash in dividends to the owner (sele shareholder). 2-a. Prepare income statement for May 2-b. Prepare statement of retained earnings for May. 2-c. Prepare balance sheet for May 31 3. Prepare statement of cash flows for May Complete this question by entering your answers in the tabs below. Required 2A Required 25 Required 20 Required 3 Prepare income statement for May. THE GRAM CO. Income Sime For Month Ended May 1 Reve Total mensen Required 203 Herrer... P Paychex Flex Cdrives O Required information 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 G. Gras invested $42,500 cash in the company in exchange for its common stock. 1 The company rented a furnished office and paid $2,300 cash for May's rent. 3 The company purchased $1,000 of office equipment on credit 5 The company paid $760 cash for this month's cleaning services, 8 The company provided consulting services for a client and insediately collected 55,00 cash 12 The company provided $3,000 or consulting services for a client on credit. 15 The company paid 5730 cash for an assistant's salary for the first half of this month. 20 The company received $3,000 cash payment for the services provided on May 12 22 The company provided 13, of consulting services on credit. 25 The company received 13, e cash payment for the services provided on May 22 26 The company paid $1,900 cash for the office equipment purchased on May 3. 21 The company purchased sab of office equipment on credit. 20 The company paid $730 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. 30 The company paid $270 cash for this month's utilities 31 The company paid $1.990 cash in dividends to the owner (sole shareholder). 2-a. Prepare income statement for May. 2-b. Prepare statement of retained earnings for May. 2. Prepare balance sheet for May 31, 3. Prepare statement of cash flows for May. Complete this question by entering your answers in the tabs below. Required 2A Required 26 Required 2c Required a Prepare statement of retained earnings for May THE GRAM CO Statement of Relined Earings For Month Ended May 31 Retained earnings, May 1 5 0 0 $ 0 Related earnings. May 31
