Chapter 1Homework i 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 $2,200 cash for Hay' rent 3 The company purehased $1,890 of office equipment on eredit 5 The company paid $780 cash for thia month'a cleaning services 8 The company provided consulting service for a client and imediately collected SS500 cash. 12 The company provided $2,800 of consulting services for a client on credit 15 The company paid $730 cash for an assistant'8 salary for the first half of this month 20 The company received $2,800 cash payment for the services provided on May 12 22 The company provided $3,400 of consulting services on credit 25 The company received 3,400 cash payment for the services provided on May 22 26 The eompany paid $1,890 eash for the office equipment purehased on May 3 27 The company purchased $75 of advertising in this month's (May) local paper on credit; cash paynent is References 28 The company paid $730 cash for an assistant's salary for the second half of this month 30 The company paid $350 eash for this month'a telephone bill 30 The company paid $270 cash for this month's utilities 31 G. Gram withdrew 1,500 cash fron the company for personal use