Required information The following information applies to the questions displayed below.] Gabi Gram started The Gram Co., a new business that began operations transactions during its first month of operations May 1. The Gram Co. completed the following on May 1 G. Gram invested $41, 008 cash in the company in exchange for its common stock. 1 The company rented a furnished office and paid $2,660 cash for May's rent. 3 The company purchased $1, 890 of office equipment on credit. 5 The company paid $750 cash for this month's cleaning services. 8 The company provided consulting services for a client and immediately collected $5, 600 cash. 12 The company provided $2, 600 of consulting services for a client on credit. 15 The company paid $750 cash for an assistant's salary for the first half of this month. 20 The company received $2, 600 cash payment for the services provided on May 12. 22 The company provided $3, 600 of consulting services on credit. 25 The company received $3, 600 cash payment for the services provided on May 22. 6 The company paid 1, 890 cash for the office equipnent purchased on May 27 The company purchsed $75 of advertising in this nonth's (May) local paper on credit; cash payment is due June 1 28 The company paid $750 cash for an assistant's salary for the second half of this month. 30 The company paid $400 cash for this month's telephone bill. 30 The company paid $280 cash for this month's utilities. 31 The company paid $1, 500 cash in dividends to the owner (sole shareholder). 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.) Prev 21 22 of 23 Next> Exam I- Chapters 1& 2 Saved 30 The company paid 280 cash for this nonth's utilities. 31 The company paid $1, 500 cash in dividends to the owner (sole shareholder) 21 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 transactlons In the glven order. Enter reductlons to account balances with a minus sign.) Part 1 of 2 Assets Liabilities Equity Office Equipment Accounts Receivable Accounts Payable Common Date Cash 23 Revenues Expenses Dividends Stock points May 02 22 50 12 15 20 + 22 25 26 27 28 30 30 31 Hill +