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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 May 1 The Gram Company completed the following transactions during its first month of operations. May 1 G. Gran invested $44,500 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 5770 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 $3,800 of consulting services for a client on credit. May 15 The company paid $740 cash for an assistant's salary for the first half of this month. May 20 The company received $3,000 cash payment for the services provided on May 12. May 22 The company provided $3,600 of consulting services on credit. May 25 The company received 53,600 cash payment for the services provided on May 22 May 26 The company paid $1,880 cash for the equipment purchased on May 3. May 27 The company purchased $75 of equipment on credit. May 28 The company paid $740 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 $290 cash for this month's utilities May 31 6. Gras withdrew $1,500 cash from the company for personal use. Date Cash Accounts Receivable Equipment Accounts Payable Account Titles for Expenses G. Gram, Withdrawals Revenues G. Gram Capital 5 44,500 Expenses $44.500 + + + + + + + 1,880 1,880 + + 58001 - + 3,000+ 5,800 - 3.000 + May 1 May 1 May 3 May 5 May 8 May 12 May 15 May 20 May 22 May 25 May 26 May 27 May 28 May 30 3,000 + + 3.6001 - . 2.400 Rent NA 770 Cleaning INA INA 740 Salary INA NA NA INA 740 Salary 350 Prelephone 3.600+ 3,600 +++ 75 75 1

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