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 $42,500 cash in the company in exchange for its common stock. 1 The company rented a furnished office and paid $2,300 cash for May's rent. 3 The company purchased $1,870 of office equipment on credit. 5 The company paid $760 cash for this month's cleaning services. 8 The company provided consulting services for a client and immediately collected $5,900 cash. 12 The company provided $2,700 of consulting services for a client on credit. 15 The company paid $730 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 $4,000 of consulting services on credit. 25 The company received $4,000 cash payment for the services provided on May 22. 26 The company paid $1,870 cash for the office equipment purchased on May 3. 27 The company purchased $90 of office equipment on credit. 28 The company paid $730 cash for an assistant's salary for the second half of this month. 30 The company paid $300 cash for this month's telephone bill. 30 The company paid $270 cash for this month's utilities. 31 The company paid $1,800 cash in dividends to the owner (sole shareholder). Required: 1. Enter the amount of each transaction on individual items of the accounting equation. Do not determine new account balances after each transaction. (Enter the transactions in the given order. Enter reductions to account balances with a minus sign. Select "NA" if the transaction does not include an expense.) Assets Equity Date = Liabilities + Accounts Payable Accounts Receivable Cash Office Equipment + Common Stock Dividends + Revenues Expenses Account Titles for Expenses May + + 1 $42,500 + 1 3 - + + + + 5 + + + + 8 + + + + + + + + + + + + + + + 12 + - + + 15 - + + 20 + + + 22 + + + + 25 + + + + 26 + + + + 27 + + + + 28 + + - + + 30 + + = + + 30 + + % + + 31 + + + $42,500 + $ 0 + $ 0 $ 0 + $ 0 $ 0 + $ 0 $ 0