Gabi Gram started The Gram Co., a new business that began operations on May 1. The Gram Co. complete
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 1 G. Gran invested $42,000 cash in the company in exchange for its comhon stock. 1 The company rented a furnished office and paid $2,100 cash for May's rent. 3. The company purchased $1,890 of office equipment on credit. S The company paid $750 cash for this month's cleaning services. 8 The company provided consulting services for a client and immediately collected $5,888 cash. 12 The company provided $2,800 of consulting services for a client on credit. 15 The company paid $780 cash for an assistant's salary for the first half of this month. 20 The company received $2,800 cash payment for the services provided on May 12. 22 The company provided $3,100 of consulting services on credit. 25 The company received $3,100 cash payment for the services provided on May 22 26 The company paid $1,890 Cash for the office equipment purchased on May 3. 27 The company purchased $80 of advertising in this month's (May) local paper on credit; cash payment is due June 28 The company paid $780 cash for an assistant's salary for the second half of this month. 30 The company paid $350 cash for this month's telephone bill. 30 The company paid $280 cash for this month's utilities 31 The company paid $1,600 cash in dividends to the owner (sole shareholder)
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