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TIME SENSITIVE, please help Required information [The following information applies to the questions displayed below.] Gabi Gram started The Gram Company, a new business that
TIME SENSITIVE, please help
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 $40,000 cash in the conpany in exchange for its combon atock. May 1 The conpany rented a furnished office and paid $2,300 cash for May's rent. May 3 The company purchased $1,920 of equipeent on credit. May 5 The company paid $750 cash for this month's cleaning services. May 8 The conpany provided consulting aervices for a client and immediately collected $5,900 cash. Kay 12 The company provided $2,700 of consulting services for a client on credit. May 15 The company paid $760 eash for an assiatant's salary for the first half of thin month. May 20 The conpany received $2,700 cash payent for the services provided on May 12. Nay 22 The company provided $3,700 of consulting aervices on credit. May 25 The company received $3,700 cash payment for the aervices provided on May 22. May 26 the company paid $1,920 eash for the equiphent purehaied on May 3. May 27 The company purchased $75 of equipment on credit. May 28 The company paid $760 cash for an aasiatant's salary for the uecond half of this month. May 30 The company paid 5350 cash for this month's telephone bill. May 30 the company paid $260 eash for this month' utilities. May 31 The company paid $1,900 eash in dividendi to the ovner (sole ahareholder). 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. Prepare the income statement for May. 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. Prepare the income statement for May. 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. Prepare the statement of retained earnings for May. 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. Prepare the balance sheet for May 31. Required Information THE GRAM COMPANY Statement of Cash Flows For Month Ended May 31 26:11 Cash flows from operating activities ( s Step by Step Solution
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