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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 operations on
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 1. The Gram Company completed the following transactions during its first month of operations. May 1 G. Gram invested $41,000 cash in the company. May 1 The company rented a furnished office and paid $2,400 cash for May's rent. May 3 The company purchased $1,880 of equipment on credit... May 5 The company paid $750 cash for this month's cleaning services. May 8 The company provided consulting services for a client and immediately collected $5,800 cash. May 12 The company provided $2,800 of consulting services for a client on credit. May 15 The company paid $730 cash for an assistant's salary for the first half of this month. May 20 The company received $2,800 cash payment for the services provided on May 12. May 22 The company provided $3,200 of consulting services on credit. May 25 The company received $3,200 cash payment for the services provided on May 22. May 26 The company paid $1,880 cash for the equipment purchased on May 3.1 May 27 The company purchased $85 of equipment on credit. May 28 The company paid $730 cash for an assistant's salary for the second half of this month. May 30 The company paid $350 cash for this month's telephone bill. May 30 The company paid $270 cash for this month's utilities. May 31 G. Gram withdrew $1,500 cash from the company for personal use.
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