0 1 10 points 03 19:54 Skipped Required information Problem 1-7A (Algo) Analyzing transactions and preparing financial statements LO P1, P2 [The following information applies to the questions displayed below) Gubi 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 1 G. Gran invested $41,500 cash in the company in exchange for its common stock May 1 The company rented a furnished office and paid $2,400 cash for May's rent. May 3 The company purchased $1,940 of equipment on credit. May 5 The company paid 5730 cash for this month's cleaning services. May 8 The company provided consulting services for a client and inmediately collected 55,300 cash. May 12 The company provided $2,900 of consulting services for a client on credit May 15 The company paid $760 cash for an assistant's salary for the first half of this month. May 20 The company received $2,900 cash payment for the services provided on May 12 May 22 The company provided $3,500 of consulting services on credit. May 25 The company received $3,500 cash payment for the services provided on May 22 May 26 The company paid 51,940 cash for the equipment purchased on May 3. May 27 The company purchased 575 of equipment on credit. May 28 The company paid $760 cash for an assistant's salary for the second half of this month May 30 The company paid $350 cash for this month's telephone bill May 30 The company paid $250 cash for this month's utilities. May 31 The company paid $1,800 cash in dividends to the owner (sole shareholder). . Problem 1-7A (Algo) Part 1 Required: 1. Enter the amount of each transaction on individual items of the accounting equation (Enter the transactions in the given order Enter reductions to account balances with a minussion Select "NA" for account titles if the transaction does not include an Required information expense.) Assets Liabilities Accounts Payable Equity Dividends + Revenues Date Accounts Receivable Account Titles for Expenses Cash Common Stock Equipment Expenses + . . May 1 May 1 May 3 Mays May & May 12 May 15 May 20 May 22 May 25 May 20 May 27 May 20 May 30 May 30 May 31 . + . (1800) 5 (1.300) - $ ol $ 0 = $ 0 5 0 $ 0 . 5 0 O