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Part 1 of 2 References Required information [The following information applies to the questions displayed below) Gabi Gram started The Gram Co., a new
Part 1 of 2 References Required information [The following information applies to the questions displayed below) 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 10. Gran 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 Hays sens 3 The company purchased $1,950 of equipment on credit 5 The company paid $780 cash for this month's cleaning services. The company provided consulting services for a client and inmediately collected $5,100 cash. 12 The company provided $2,500 of consulting services for a client on credit. 15 The company paid $760 cash for an assistant salary for the fires half of this month. 20 The company received $2,500 cash payment for the services provided on May 12. 22 The company provided $3,400 of consulting services on credit. 25 The company receives 23,400 cash payment for the services provided on May 22. 26 The company paid $1,950 cash for the equipment purchased on Kay 3. 21 The company purchased ses of equipment on credit, 20 The company paid 760 cash for an assistant's aslary for the second half of this month. 30 The company paid $350 cash for this month's telephone 30 The company paid $270 cash for this month' atsistin 11. 31 The company paid 1,500 cash in dividends to the owner (ale sharebalder). 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) Liabilities
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