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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. G. Gram invested $44,500 cash in the company. 1 The company rented a rent. 3 The company purchased $5,110 of office equipment on credit. 5 The company paid $760 cash for this month's cleaning services. 8 The company provided consulting services for a client and immediately collected $6,000 cash. 12 The company provided $2,90e of consulting services for a client on credit. May furnished office and paid $2,200 cash for May's 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 May 12. on 22 The company provided $3,200 of consulting serMices 25 The company rsceived $3,200 cash payment for the services provided on May 22. 26 The company paid $5,110 cash for the office equipment purchased on May 3 27 The company purchased $80 of advertising in this months paper on credit cash paymentis due June 28 The company paid $730 cashfor anassistant s half of this month. 30 The company paid $400 cash for this month's telephone bill. 30 The company paid $27e cash for this month's utilities. 31 G. Gram withdrew $1,900 cashfrom the company for personal use. on credit. (May) local salary for the second

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. G. Gram invested $44,500 cash in the company. 1 The company rented a rent. 3 The company purchased $5,110 of office equipment on credit. 5 The company paid $760 cash for this month's cleaning services. 8 The company provided consulting services for a client and immediately collected $6,000 cash. 12 The company provided $2,90e of consulting services for a client on credit. May furnished office and paid $2,200 cash for May's 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 May 12. on 22 The company provided $3,200 of consulting serMices 25 The company rsceived $3,200 cash payment for the services provided on May 22. 26 The company paid $5,110 cash for the office equipment purchased on May 3 27 The company purchased $80 of advertising in this months paper on credit cash paymentis due June 28 The company paid $730 cashfor anassistant s half of this month. 30 The company paid $400 cash for this month's telephone bill. 30 The company paid $27e cash for this month's utilities. 31 G. Gram withdrew $1,900 cashfrom the company for personal use. on credit. (May) local salary for the second

Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter1: Business Transactions (ptrans)
Section: Chapter Questions
Problem 3R: On June 1 of the current year, Wilson Wood opened Woodys Web Services. This sole proprietorship had...
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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. G. Gram invested $44,500 cash in the company. 1 The company rented a rent. 3 The company purchased $5,110 of office equipment on credit. 5 The company paid $760 cash for this month's cleaning services. 8 The company provided consulting services for a client and immediately collected $6,000 cash. 12 The company provided $2,90e of consulting services for a client on credit. May furnished office and paid $2,200 cash for May's 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 May 12. on 22 The company provided $3,200 of consulting serMices 25 The company rsceived $3,200 cash payment for the services provided on May 22. 26 The company paid $5,110 cash for the office equipment purchased on May 3 27 The company purchased $80 of advertising in this months paper on credit cash paymentis due June 28 The company paid $730 cashfor anassistant s half of this month. 30 The company paid $400 cash for this month's telephone bill. 30 The company paid $27e cash for this month's utilities. 31 G. Gram withdrew $1,900 cashfrom the company for personal use. on credit. (May) local salary for the second <Prev 2 of 2 Next ere to search e 7:35 PM 9/4/2019
Transcribed Image Text: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. G. Gram invested $44,500 cash in the company. 1 The company rented a rent. 3 The company purchased $5,110 of office equipment on credit. 5 The company paid $760 cash for this month's cleaning services. 8 The company provided consulting services for a client and immediately collected $6,000 cash. 12 The company provided $2,90e of consulting services for a client on credit. May furnished office and paid $2,200 cash for May's 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 May 12. on 22 The company provided $3,200 of consulting serMices 25 The company rsceived $3,200 cash payment for the services provided on May 22. 26 The company paid $5,110 cash for the office equipment purchased on May 3 27 The company purchased $80 of advertising in this months paper on credit cash paymentis due June 28 The company paid $730 cashfor anassistant s half of this month. 30 The company paid $400 cash for this month's telephone bill. 30 The company paid $27e cash for this month's utilities. 31 G. Gram withdrew $1,900 cashfrom the company for personal use. on credit. (May) local salary for the second <Prev 2 of 2 Next ere to search e 7:35 PM 9/4/2019
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