1 G. Gram invested $43,000 cash in the company. 1 The company rented a furnished office and paid $2,400 cash for May’s rent. 3 The company purchased $1,930 of office equipment on credit. 5 The company paid $740 cash for this month’s cleaning services. 8 The company provided consulting services for a client and immediately collected $5,600 cash. 12 The company provided $2,700 of consulting services for a client on credit. 15 The company paid $750 cash for an assistant’s salary for the first half of this month. 20 The company received $2,700 cash payment for the services provided on May 12. 22 The company provided $3,800 of consulting services on credit. 25 The company received $3,800 cash payment for the services provided on May 22. 26 The company paid $1,930 cash for the office equipment purchased on May 3. 27 The company purchased $85 of office equipment on credit. 28 The company paid $750 cash for an assistant’s salary for the second half of this month. 30 The company paid $400 cash for this month’s telephone bill. 30 The company paid $250 cash for this month’s utilities. 31 G. Gram withdrew $1,500 cash from the company for personal use Enter the amount of each transaction on individual items of the accounting equation. Do not determine new account balances after each transaction. (Enter the transactions in the given order. Enter reductions to account balances with a minus sign. Select "NA" if the transaction does not include an expense.) Assets Liabilities + Equity date cash + acc receivables + office equipment = Accounts Payable + G .gram capital - G.Gram withdrawls + REVENUES - EXPENSE

Answer --Requirement as asked Date Cash Accounts receivables Office Equipment Accounts Payable G Gram Capital G Gram Withdrawals Revenues Expenses 01-May $43,000 $43,000 01-May ($2,400) $2,400 03-May $1,930 $1,930 05-May ($740) $740 08-May $5,600 $5,600 12-May $2,700 $2,700 15-May ($750) $750 20-May $2,700 ($2,700) 22-May $3,800 $3,800 25-May $3,800 ($3,800) 26-May ($1,930) ($1,930) 27-May $85 $85 28-May ($750) $750 30-May ($400) $400 30-May ($250) $250 31-May ($1,500) $1,500 $46,380 $0 $2,015 $85 $43,000 $1,500 $12,100 $5,290 .

1 G. Gram invested $43,000 cash in the company. 1 The…

Answers

Answer

--Requirement as asked

Date	Cash	Accounts receivables	Office Equipment	Accounts Payable	G Gram Capital	G Gram Withdrawals	Revenues	Expenses
01-May	$43,000				$43,000
01-May	($2,400)							$2,400
03-May			$1,930	$1,930
05-May	($740)							$740
08-May	$5,600						$5,600
12-May		$2,700					$2,700
15-May	($750)							$750
20-May	$2,700	($2,700)
22-May		$3,800					$3,800
25-May	$3,800	($3,800)
26-May	($1,930)			($1,930)
27-May			$85	$85
28-May	($750)							$750
30-May	($400)							$400
30-May	($250)							$250
31-May	($1,500)					$1,500
	$46,380	$0	$2,015	$85	$43,000	$1,500	$12,100	$5,290

Similar Solved Questions

1 answer

GIVEN THE FOLLOWING FOR A COMPLETED JOB TOTAL PRIME COSTS TOTAL CONVERSION COSTS OVERHEAD IS 200%...

GIVEN THE FOLLOWING FOR A COMPLETED JOB TOTAL PRIME COSTS TOTAL CONVERSION COSTS OVERHEAD IS 200% OF DIRECT LABOR $40,000 $30,000 COMPUTE DIRECT MATERIAL COST DIRECT LABOR COST OVERHEAD COST TOTAL MANUFACTURING COSTS #2 GIVEN THE FOLLOWING DIRCT MATERIAL= $400,000 DIRECT LABOR = $200,000 OVERHEAD =$...

1	G. Gram invested $43,000 cash in the company.
	1	The company rented a furnished office and paid $2,400 cash for May’s rent.
	3	The company purchased $1,930 of office equipment on credit.
	5	The company paid $740 cash for this month’s cleaning services.
	8	The company provided consulting services for a client and immediately collected $5,600 cash.
	12	The company provided $2,700 of consulting services for a client on credit.
	15	The company paid $750 cash for an assistant’s salary for the first half of this month.
	20	The company received $2,700 cash payment for the services provided on May 12.
	22	The company provided $3,800 of consulting services on credit.
	25	The company received $3,800 cash payment for the services provided on May 22.
	26	The company paid $1,930 cash for the office equipment purchased on May 3.
	27	The company purchased $85 of office equipment on credit.
	28	The company paid $750 cash for an assistant’s salary for the second half of this month.
	30	The company paid $400 cash for this month’s telephone bill.
	30	The company paid $250 cash for this month’s utilities.
	31	G. Gram withdrew $1,500 cash from the company for personal use

1 G. Gram invested $43,000 cash in the company. 1 The company rented a furnished office...

Question:

Answers

Similar Solved Questions