Required information Problem 1.7A (Static) Analyzing transactions and preparing financial statements LO P1, P2 [The following information applies to the questions displayed below.] Gabi Gram started The Gram Company, a new business that began operations on May 1. The Gram Company completed the following transactions during its first month of operations. May 1 G. Gram invested 340,090 cash In the company in exchange fon its coneon stock. Way 1 The company rented a furnished office and paid $2,200 cash for llay's rent. itiy 3 The coppony purchased $1, tage of equipment on credit. Hiay 5. The coupany pald 5750 cash for this nonth's cleaning services. Mry a The company provided consulting services for a client and imnediately collected \$5, 400 cash. May 12 The coopony provided 52 , 500, of consulting services for a cifent on credit. Huy 15 The coopany paid 3750 cash for an oss1stant's salory for the first half of this nonth. Hiay 28 The scipany recelved 52,500 cash payment for the services provided on liey 12. May 22 the conpany provided 53,200 of consulting services on credit. Whay 25 the coppony recelved 53,200 cosh poynent for the services provided on (by=22. hey 26 the comeany paid 51,890 cosh for the equipeent purchased on 1 oy 3 . hoy 27 The compony purchased 580 of equipinent on snedit. Hiny ab the company pald 5300 cosh for this nonth's telephone b111. Pegulred: wxpense.) Enter reductions to occount balences with a minus slgn. Stiect "Na" for occount tisles if the transaction does not inclusfe on expense.)