Gabi Gram started The Gram Co, a new business that beg an operations on May1. The Gram Co. completed the following transactions during its first month of operations. 12 May 1 G. Gram invested $44,500 cash in the company 1 The company rented a furnished office and paid $2,500 cash for May's rent. 3 The company purchased $4,880 of office equipment on credit. 5 The company paid $780 cash for this month's cleaning services 8 The company provided consulting services for a client and immediately 12 The company provided $2,800 of consulting services for a client on credit collected $5,600 eash. cash for an assistant's salary for the first half of this month. 20 The 22 The company provided $3,400 of consulting services on eredit. 25 The company received $3,400 cash payment for the services provided on May 22 26 The company paid $4, 880 cash for the office equipment purchased on May 3. 27 The company purchased $85 of advertising in this month (May) local paper on credit: cash company received $2,800 cash payment for the services provided on May 12. payment is due June 1 28 The company paid $740 cash for an assistant's salary for the second half of this month. 30 The company paid $300 cash for this month's telephone bil 30 The company paid $260 cash for this month's utilities. 31 G. Gram withdrew $1,600 cash from the company for personal use. 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.) Liabilities + Accounts Payable Equity Assets G. Gram. Capital G. Gram. Office Date Cash Receivable Equipment May 1 $44,500 CashAccounts Withdrawals Revenues Expenses 2,500 4880a 780