50.1K

Verified Solution

Link Copied!

verify my answer. will like fast!

Gabi Gram started The Gram Company, a new business that began operations on May 1. The Gram Company com the following transactions during its first month of operations. May 1 Gabi Gram invested $43,000 cash in the company. May 1 The company rented a furnished office and paid $2,200 cash for May's rent. May 3 The company purchased $1,860 of equipment on credit. May 5 The company paid $750 cash for this month's cleaning services. May 8 The company provided consulting sevices for a client and immediately collected $6,000 cash. May 12 The company provided $2,900 of consulting services for a client on credit. May 15 The company paid $780 cash for an assistant's salary for the first half of this month. May 20 The company received $2,900 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 $3,600 cash payment for the services provided on May 22. May 26 The company paid $1,860 cash for the equipment purchased on May 3. May 27 The company purchased $90 of equipment on credit. May 28 The company paid $780 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 Gabi Gram withdrew $1,700 cash from the company for personal use. For Month Ended May 31 Gabi Gram started The Gram Company, a new business that began operations on May 1. The Gram Company com the following transactions during its first month of operations. May 1 Gabi Gram invested $43,000 cash in the company. May 1 The company rented a furnished office and paid $2,200 cash for May's rent. May 3 The company purchased $1,860 of equipment on credit. May 5 The company paid $750 cash for this month's cleaning services. May 8 The company provided consulting sevices for a client and immediately collected $6,000 cash. May 12 The company provided $2,900 of consulting services for a client on credit. May 15 The company paid $780 cash for an assistant's salary for the first half of this month. May 20 The company received $2,900 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 $3,600 cash payment for the services provided on May 22. May 26 The company paid $1,860 cash for the equipment purchased on May 3. May 27 The company purchased $90 of equipment on credit. May 28 The company paid $780 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 Gabi Gram withdrew $1,700 cash from the company for personal use. For Month Ended May 31

Answer & Explanation Solved by verified expert

See Answer