O Required information (The following information applies to the questions displayed below.) Holden Graham started The Graham Co., a new business that began operations on May 1. The Graham Co. completed the following transactions during its first month of operations. May 1 H. Graham invested $40,000 cash in the company in exchange for its common stock. 1 The company rented a furnished office and paid $2,200 cash for May's rent.. 3 The company purchased $1,920 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 collected $5,700 cash. 12 The company provided $2,600 of consulting services for a client on credit. The company paid $740 cash for an assistant's salary for the first half of this 15 month. 20 The company received $2,600 cash payment for the services provided on May 12. 22 The company provided $3,400 of consulting services on credit. 25 The company received $3,400 cash payment for the services provided on May 22. 26 The company paid $1,920 cash for the office equipment purchased on May 3. 27 The company purchased $85 of advertising in this month's (May) local paper on credit; cash 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 $350 cash for this month's telephone bill. 30 The company paid $260 cash for this month's utilities. 31 The company paid $1,900 cash in dividends to the owner (sole shareholder). Required: 2. 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.) Equity Assets Accounts Receivable Date Liabilities Accounts Payable Cash = Office Equipment + + Common Stock Dividends + Revenues Expenses May 1 + + + + 1 + + + + 3 + + = + + + 5 + + + + B + + + - + 12 + + + + + 15 + + + + + + + + 20 22 + + + + + + + = + 25 26 + + + 27 + + + = + + 28 + + + + 30 + = + + + + 30 + = + + + + 31 + + + $ 0 + $ $ 0 + $ 0 = $ 0 + $ 0 $ 0 + $ 0 - $ 0