The following information applies to the questions displayed
Last updated: 1/12/2024
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 20 May 22 May 25 May 26 May 27 May 28 May 30 May 30 May 31 May 1 Gabi Gram invested 40 000 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 1 890 of equipment on credit May 5 The company paid 750 cash for this month s cleaning services May 8 The company provided consulting services for a client and immediately collected 5 400 cash May 12 The company provided 2 500 of consulting services for a client on credit May 15 The company paid 750 cash for an assistant s salary for the first half of this month May 20 The company received 2 500 cash payment for the services provided on May 12 May 22 The company provided 3 200 of consulting services on credit May 25 The company received 3 200 cash payment for the services provided on May 22 May 26 The company paid 1 890 cash for the equipment purchased on May 3 May 27 The company purchased 80 of equipment on credit May 28 The company paid 750 cash for an assistant s salary for the second half of this month May 1 May 1 May 3 May 5 May 8 May 12 May 15 May 30 The company paid 300 cash for this month s telephone bill May 30 The company paid 280 cash for this month s utilities May 31 Gabi Gram withdrew 1 400 cash from the company for personal use Required 1 Enter the amount of each transaction on individual items of the accounting equation Note Enter the transactions in the given order Enter reductions to account balances with a minus sign Select NA for account titles if the transaction does not include an expense Date Cash 0 Assets Accounts Receivable Equipment 0 1 11 In 0 Liabilities Accounts Payable Gabi Gram Capital 0 IIIIIII TE 1 1 TI Equity Gabi Gram Withdrawals 0 Revenues ITHIIHIILIHULIHI Expenses Account Titles for Expenses NA Rent Salary Telephone Utilities