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. Hay 1 G. Gran invested $43,000 cash in the company in exchange for its common stock. 1 The company rented a furnished office and paid $2,400 cash for May's rent. 3 The company purchased $1,940 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 $5,400 cash. 12 The company provided $3,000 of consulting services for a client on credit. 15 The company paid $770 cash for an assistant's salary for the first half of this month. 20 The company received $3,000 cash payment for the services provided on May 12. 22 The company provided $3,300 of consulting services on credit. 25 The company received $3,300 cash payment for the services provided on May 22.1 26 The company paid $1,940 cash for the equipment purchased on May 3. 27 The company purchased $80 of equipment on credit. 28 The company paid $770 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 $290 cash for this month's utilities. 31 The company paid $1,400 cash in dividends to the owner (sole shareholder). 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 minus sign. Select "NA" for account titles if the transaction does not include an expense.) Date Cash Assets Accounts Receivable Liabilities Accounts Equipment Payable Common Stock May $43,000+ + $ 43,000 1 (2,400) + 3 + 1,940- 1,940 + 5 (750)+ + + 8 5,400 + 12 3,000+ 15 (770) . + 20 3,000+ . 22 4 3,300+ 25 3,300+ 26 (1,940)- Equity Dividends Revenues Expanses Account Titles for Expenses + + NA 2.400 Rent + NA + 750 Cleaning 5,400- NA + 3,000- NA + 770 Salary NA 3,300- NA NA 1,940 NA 27 80 80 28 (770) - 30 (350) + . + NA 770 Salary 350 Telephone 30 (290) + + 290 Ulises 31 (1.400) + 1,400 + NA $46,030+ $6,300+ $ 2,020- S 2,020 + 43,000 S 1,400 $ 7.270 $11,700-