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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 $44,000 cash in the company in exchange for its common stock. May 1 The company rented a furnished office and paid $2,600 cash for Mays rent. May 3 The company purchased $1,880 of equipment on credit. May 5 The company paid $800 cash for this months cleaning services. May 8 The company provided consulting services for a client and immediately collected $5,700 cash. May 12 The company provided $2,900 of consulting services for a client on credit. May 15 The company paid $710 cash for an assistants salary for the first half of this month. May 20 The company received $2,900 cash payment for the services provided on May 12. May 22 The company provided $3,700 of consulting services on credit. May 25 The company received $3,700 cash payment for the services provided on May 22. May 26 The company paid $1,880 cash for the equipment purchased on May 3. May 27 The company purchased $75 of equipment on credit. May 28 The company paid $710 cash for an assistants salary for the second half of this month. May 30 The company paid $400 cash for this months telephone bill. May 30 The company paid $270 cash for this months utilities. May 31 The company paid $1,500 cash in dividends to the owner (sole shareholder).

Date	Cash	Accounts Receivale	Equipment	accounts payable	common stock	dividends	revenues	expenses	account title for expenses
May 1st
May 1st									rent
May 3
May5									cleaning
May 8
May 12
May 15
May 20
May 22
May 25
May 26
May 27
May 28