Accounting Equation | ||||||||||||||||
assets | Liabilities | Equity | ||||||||||||||
Date | Expense | Cash | + | Account Receivable | + | Office equipment | = | Account Payable | + | Common stock | - | Dividends | + | Revenue | - | Expenses |
1 | NA | 40000 | + | + | = | + | 40000 | - | + | - | ||||||
1 | -2200 | + | + | = | + | - | + | - | 2200 | |||||||
3 | NA | + | + | 1890 | = | 1890 | + | - | + | - | ||||||
5 | -750 | + | + | = | + | - | + | - | 750 | |||||||
8 | NA | 5400 | + | + | = | + | - | + | 5400 | - | ||||||
12 | NA | + | 2500 | + | = | + | - | + | 2500 | - | ||||||
15 | -750 | + | + | = | + | - | + | - | 750 | |||||||
20 | NA | 2500 | + | -2500 | + | = | + | - | + | - | ||||||
22 | NA | + | 3200 | + | = | + | - | + | 3200 | - | ||||||
25 | NA | 3200 | + | -3200 | + | = | + | - | + | - | ||||||
26 | NA | -1890 | + | + | = | -1890 | + | - | + | - | ||||||
27 | NS | + | + | 80 | = | 80 | + | - | + | - | ||||||
28 | -750 | + | + | = | + | - | + | - | 750 | |||||||
30 | -300 | + | + | = | + | - | + | - | 300 | |||||||
30 | -280 | + | + | = | + | - | + | - | 280 | |||||||
31 | NA | -1400 | + | + | + | - | 1400 | + | - | |||||||
42780 | 0 | + | 1970 | 80 | + | 40000 | - | 1400 | + | 11100 | - | 5030 |
Required information Problem 1-7A Analyzing transactions and preparing financial statements LO P1, P2 The following information...
Required information Problem 1-7A Analyzing transactions and preparing financial statements LO C4, P1, P2 [The following information applies to the questions displayed below.] 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. Gram invested $40,000 cash in the company in exchange for its common stock. 1 The company rented a furnished office and paid $2,200 cash for May’s...
prepare a balance sheet Saved Problem 1-7A Analyzing transactions and preparing financial statements LO P1, P2 [The following information applies to the questions displayed below] Gabi Gram started The Gram Co., a new business that began operations on May 1. The Gram Co. completed the transactions during its first month of operations. 1 G. Gram invested $42,000 cash in the company in exchange for its common stock. 1 The company rented a furnished office and paid $2,100 cash for May's...
Required information Problem 1-7A Analyzing transactions and preparing financial statements LO C4, P1, P2 [The following information applies to the questions displayed below.] 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. 1 G. Gram invested $42,500 cash in the company in exchange for its common stock. 1 The company rented a furnished office and paid $2,200 cash for May's rent....
Required information Problem 1-7A Analyzing transactions and preparing financial statements LO C4, P1, P2 [The following information applies to the questions displayed below.) 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. Gram invested $41,500 cash in the company. 1 The company rented a furnished office and paid $2,300 cash for May's rent. 3 The company purchased $5,650...
Required information Problem 1-7A Analyzing transactions and preparing financial statements LO C4, P1, P2 (The following information applies to the questions displayed below.] 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. Gram invested $42,500 cash in the company in exchange for its common stock. 1 The company rented a furnished office and paid $2,200 cash for May's...
Required information Problem 1-7A Analyzing transactions and preparing financial statements LO C The following information applies to the questions displayed below] 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.Gram invested $43,000 cash in the company in exchange for its common stock 1 The company rented a furnished office and paid $2,300 cash for May's rent. 3 The...
Required information Problem 1-7A Analyzing transactions and preparing financial statements LO C4, P1, P2 The following information applies to the questions displayed below. 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 Hay 1 G. Gram invested $43,000 cash in the company in exchange for its coemon stock 1 The company rented a furnished office and paid $2,300 cash for May's...
Gabl 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 16. Gram invested $40,000 cash in the company in exchange for its common stock. 1 The company rented a furnished office and paid $2,200 cash for May's rent. 3 The company purchased $1,890 of office equipment on credit. 5 The company paid $750 cash for this month's cleaning services. 8 The...
What am I doing wrong? It will not balance. HW-CH 1 Saved Required information Problem 1-7A Analyzing transactions and preparing financial statements LO P1, P2 (The following information applies to the questions displayed below. Gabi Gram started The Gram Co., a new business that began operations on May 1. The Gram Co. comple transactions during its first month of operations. May 1 G. Gram invested $40,000 cash in the company in exchange for its comnon stack. 1 The company rented...
Molag pak 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. 1 G. Gram invested $40,000 cash in the company in exchange for its common atock. 1 The company rented a furnished office and paid $2,200 cash for May's rent. 3 The company purchased $1,890 of office equipment on credit. 5 The company paid $750 cash for this month's cleaning services....