5 Required Informatlion The tolowing informeation applies to the quesions dlisplayed below.) transactions during its first month of operations May 1 6. Gran invested $48,000 cash in the conpany in exchange for its conmon stock. nante The Gram Co, new business har noons on Moy t The CGam Co completed the iing Part 2 of 2 o completed the following 1 The company rented a furnished office and paid $2,200 cash for May's rent. 3 The company purchased $1,89e of office equipnent on credit 5 The cospany paid $750 cash for this month's n The company provided consulting services for a client and imediately collected $5,400 Cash 12 The company provided $2,500 of consulting services for a client on creait s ne coapany paidmcash for an assistant, salary for the ,rst half ofthis month. cospany received $2,see cash plyment for the services provided on May 12. 22 The company provided 53,200 of consultire services on credit 25 The cospany received $3, 200 cash payment for the services provided on Ray 122 26 The company paid $1,890 cash for the office equipnent purchased on May 3 27 The company purchased s8e of advertising in this month's (ay) local paper on credit, cash payment is due June 1 28 The company paid 5750 cash for an assistant's salary for the second half of this month 38 The cospany paia 5388 cash for this sonth's teleptone bill. 38 The company paid $289 cash for this month's stilities 31 The company paid $1,480 cash in dividends to the oner (sole shareholder)