education.com Chapter 1 Homework Help 5 Part2 20 DO Required information The following information applies to the questions displayed below) Gabi Gtam 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. Gran invested 542,500 cash in the company in exchange for its common stock The company rented a furnished office and paid $2.100 cash for May's rent. 3 The company purchased $1,868 of equipment on credit. 5 The company paid $750 cash for this month's cleaning services. The company provided consulting services for a client and immediately collected $6.000 cash. 12 The company provided 52.700 of consulting services for a client on credit. 15 The company paid $70 cash for an assistant's salary for the first half of this month. 20 The company received $2.700 cash payment for the services provided on May 12. 22 The company provided $3.00 of consulting services on credit. 25 The company received $3.000 cash payment for the services provided on May 22 26 The company paid 51.860 cash for the equipment purchased on May 3. 27 The company purchased $5 of equipoent on credit, 28 The company paid $730 Cash for an assistant's salary for the second half of this month. 30 The company paid $350 cash for this month's telephone bill. 30 The company paid 5270 cash for this month's utilities. 31 The company paid 51.700 cash in dividends to the outer (sole shareholder. Boch Pr equired: Enter the amount of each transaction on individual items of the accounting equation (Enter the transactions in the given ordet. nter reductions to account balances with a minus sign. Select "NA" for account titles if the transaction does not include an xpense.) Equity Assets Accu Date Cash Accounts Payable Didende Connon Stoch 42.500 May I! 1142 500 - 1 2.100 3 5 (750) 0.0001 - Accounts por Espent NA 2.400 Rant NA co Cheng INA 1 BO 1.160. + ---- + + 8,000 MacBook Pro