I need some body do this assignment

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P01-07A

Student Name: Bandar Aldawsari
Class: ACC 111 M/W 10-11:15AM
Problem 01-07A
GRAHAM COMPANY
Assets = Liabilities + Equity
Accounts Office Accounts H. Graham H. Graham
Date Cash Receivable Equipment Payable Capital Withdrawals Revenues Expenses
May 1 $40,000 40,000
1 (2,200) (2,200)
3 1,,890 1,890
5 (750) (750)
8 5,400 5,400
12 2,500 2,500
15 (750) (750)
20 2,500 (2,500)
22 3,200 3,200
25 3,200 (3,200)
26 (1,890) (1,890)
27 80 (80)
28 (750) (750)
30 (300) (300)
30 (280) (280)
31 (1,400) (1,400)
$ 42,780 $ - 0 $ 1,890 $ 80 $ 40,000 $ (1,400) $ 11,100 $ (5,110)
Correct! Correct! Correct! Correct! Correct! Correct! Correct! Correct!
GRAHAM COMPANY
Income Statement
For Month Ended May 31
Revenues
Consulting services revenue $ 11,100
Expenses
Rent expense (2,200)
Salaries expense (1,500)
Cleaning expense (750)
Telephone expense (300)
Utilities expense (280)
Advertising expense (80)
Total expenses (5,110)
Net income $ 5,990
Correct!
GRAHAM COMPANY
Statement of Owner's Equity
For the Month Ended May 31
H. Graham, Capital, May 1 $40,000
Add: Investment by Owner 0
Net income 5,990
Less: Withdrawals by owner (1,400)
H. Graham, Capital, May 31 $44,590
Correct!
GRAHAM COMPANY
Balance Sheet
May 31
Assets Liabilities
Cash $ 42,780 Accounts payable $ 80
Office equipment 1,890
Owner's Equity
H. Graham, Capital 44,590
Total assets $ 44,670 Total liabilities and equity $44,670
Correct! Correct!
GRAHAM COMPANY
Statement of Cash Flows
For Month Ended May 31
Cash flows from operating activities
Cash received from customers $ 11,100
Cash paid for rent 2,200
Cash paid for cleaning 750
Cash paid for telephone 300
Cash paid for utilities 289
Cash paid to employees 1,500
Net cash provided by operating activities 0
Cash flows from investing activities
Purchase of equipment
Net cash used by investing activities 0
Cash flows from financing activities
Investments by owner
Withdrawals by owner
Net cash provided by financing activities 0
Net increase in cash
Cash balance, May 1
Cash balance, May 31
0
Enter appropriate data in yellow cells. Your totals will be verified.
Enter appropriate data in yellow cells. Your entry for "Net income" will be validated.
Enter appropriate data in yellow cells. Your entry for "H. Graham, Capital, May 31" will be validated.
Enter appropriate data in yellow cells. Your entry for "Total liabilities and equity" will be validated.
Enter appropriate data in yellow cells. Your "net cash" entries will be validated.

Given P01-07A

Given Data P01-07A:
THE GRAHAM CO.
Transactions
May
1 Cash invested in company $ 40,000
1 Cash paid for May rent 2,200
3 Office equipment purchased on credit 1,890
5 Cash paid for May cleaning services 750
8 Cash collected for services provided 5,400
12 Provided services on credit 2,500
15 Cash paid for assistant's salary (1st half of May) 750
20 Cash received for services provided May 12 2,500
22 Provided services on credit 3,200
25 Cash received for services provided May 22 3,200
26 Cash paid for office equipment purchased May 3 1,890
27 Purchased May advertising, payment due June 1 80
28 Cash paid for assistant's salary (2nd half of May) 750
30 Cash paid for May telephone bill 300
30 Cash paid for May utilities 280
31 Owner withdrew cash for personal use 1,400
Check figures:
(2) Ending balances
Cash $ 42,780
Expenses $ 5,110
(3) Net income $ 5,990
Total assets $ 44,670