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.

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 5 May 1 G. Gram Invested $43,500 cash In the company in exchange for its common stock. 1 The company rented a furnished office and pald $2,200 cash for May's rent. 3 The company purchased $1,940 of office equipment on credit. 5 The company paid $730 cash for this month's cleaning services. 8 The company provided consulting services for a client and Immedlately collected $5,400 cash. 12 The company provided $2,500 of consulting services for a client on credit. 15 The company pald $730 cash for an assistant's salary for the first half of this month. 20 The company receed $2,500 cash payment for the services provided on May 12 22 The company provided $3,800 of consulting services on credit. 25 The company recelved $3,800 cash payment for the services provided on May 22 26 The company pald $1,940 cash for the office equipment purchased on May 3 27 The company purchased $75 of advertising in this month's (May) local paper on credit, cash 8 payment is due June 1 28 The company pald S730 cash for an assistant's salary for the second half of this month. 30 The company pald $350 cash for this month's telephone bilil. 30 The company pald $300 cash for this month's utilities. 31 The company paid $1,400 cash In dividends to the owner (sole shareholder)