Required information The following Information applies to the questions displayed below) Gabi Geam 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 10. Gran Srvested 541,500 cash in the company in exchange for its common stock 1 The company rented a furnished office and paid $2,300 cash for Hay's rent The company purchased $1,020 of equipment on credit. $ The company paid $750 cash for this month's cleaning services The company provided consulting services for a client and immediately collected $5,200 cash 12. The company provided 52,900 of consulting Services for 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 $2,900 cash payment for the services provided on May 12 22 The company provided $3,600 of consulting services on credit 25 The company received $3,600 cash payment for the services provided on May 22 26 The company paid $1,920 cash for the equipment purchased on May 3. 27 The company purchased $90 of equipment on credit 28 The company paid $730 cash for an assistant's salary for the second half of this month. 30 The company paid $400 cash for this month's telephone bill. 30 The company paid $290 cash for this month's utilities 31 The company paid $1,700 cash in dividends to the owner (tole shareholder) Required: 1. Enter the amount of each transaction on individual items of the accounting equation (Enter the transactions in the given order Enter reductions to account balances with a minus sign. Select "NA" for account titles if the transaction does not include an expense.) Equity Assets Accounts Receivable Liabilities Accounts Payable Account Titles Dividends Revenues Common Stock Expenses for Expenses Date Cash Equipment May . 1 3 5 + TI 31- The company paid $1,700 cash in dividends to the owner (sole shareholder). Required: 1. Enter the amount of each transaction on individual items of the accounting equation (Enter the transactions in the given order. Enter reductions to account balances with a minus sign. Select "NA" for account titles if the transaction does not include an expense.) Equity Assets Accounts Receivable Liabilities Accounts Payable Date Cash Equipment - Common Stock Dividends Account Titles for Expenses Revenues Expenses May 1 + + + 3 - 5 + 8 12 15 20 22 25 26 27 28 30 30 31 !!!!!!!!!!! . 0 0 0 $ $ $ $ 5 $ 0 0 $ $ 0 O + 0 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 10. Gran invested $41,500 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. The company purchased $1,920 of equipment on credit. 5 The company paid 5750 cash for this month's cleaning services 3 The company provided consulting services for a client and immediately collected $5,280 cash. 12 The company provided $2,9ee of 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 $2,900 cash payment for the services provided on May 12. 22 The company provided $3,600 of consulting services on credit. 25 The company received $3,600 cash payment for the services provided on May 22. 26 The company paid $1,920 cash for the equipment purchased on May 3. 27 The company purchased $9e of equipment on credit. 28 The company paid $730 cash for an assistant's salary for the second half of this month. 30 The company paid $400 cash for this month's telephone bill. 30 The company paid $290 cash for this month's utilities. 31 The company paid $1,700 cash in dividends to the owner (sole shareholder) 2-a. Prepare the income statement for May 2-b. Prepare the statement of retained earnings for May 2-c. Prepare the balance sheet for May 31 3. Prepare the statement of cash flows for May Complete this question by entering your answers in the tabs below. Required 2A Required 28 Required 20 Required 3 Prepare the income statement for May THE GRAM CO. Income Statement 2-a. Prepare the income statement for May 2-b. Prepare the statement of retained eamings for May 2-c. Prepare the balance sheet for May 31 3. Prepare the statement of cash flows for May Complete this question by entering your answers in the tabs below. Required 2A Required 28 Required 2c Required Prepare the income statement for May THE GRAM CO. Income Statement For Month Ended May 31 Revenues: Expenses Total expenses 0 30 The company paid $400 calor 30 The company paid $290 cash for this month's utilities. 31 The company paid $1,700 cash in dividends to the owner (sole shareholder). 2-a. Prepare the income statement for May 2-b. Prepare the statement of retained earnings for May 2-c. Prepare the balance sheet for May 31 3. Prepare the statement of cash flows for May Complete this question by entering your answers in the tabs below. Required 2A Required 28 Required 2C Required 3 Prepare the statement of retained earnings for May. THE GRAM CO. Statement of Retained Earings For Month Ended May 31 Retained earings, May 1 S 0 0 $ 0 Retained earnings, May 31 30 cm au CTR CULI>Lernen. 30 The company paid $290 cash for this month's utilities 31 The company paid $1,700 cash in dividends to the owner (sole shareholder) 2-a. Prepare the income statement for May 2.b. Prepare the statement of retained earnings for May 2-c. Prepare the balance sheet for May 31 3. Prepare the statement of cash flows for May Complete this question by entering your answers in the tabs below. Required 2A Required 28 Required 2C Required 3 Prepare the balance sheet for May 31. THE GRAMCO Balance Sheet May 31 Assets Liabilities Equity 0 Total equity Total liabilities and equity $ $ Total assets 0 Required information Prepare the statement of cash flows for May (Cash outflows should be indicated with a minus sign) THE GRAM CO. Statement of Cash Flows For Month Ended May 31 Cash flows from operating activities $ 0 Cash flows from investing activities 0 Cash flows from financing activities $ OOO Cash balance, May 1 Cash balance, May 31 $ 0