Required information [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 $42,000 cash in the company in exchange for its common stock. May 1 The company rented a furnished office and paid $2,400 cash for May's rent. May 3 The company purchased $1,930 of equipment on credit. May 5 The company paid $770 cash for this month's cleaning services. May 8 The company provided consulting services for a client and immediately collected $5,500 cash. May 12 The company provided $2,800 of consulting services for a client on credit. May 15 The company paid $740 cash for an assistant's salary for the first half of this month. May 20 The company received $2,800 cash payment for the services provided on May 12. May 22 The company provided $3,200 of consulting services on credit. May 25 The company received $3,200 cash payment for the services provided on May 22. May 26 The company paid $1,930 cash for the equipment purchased on May 3. May 27 The company purchased $75 of equipment on credit. May 28 The company paid $740 cash for an assistant's salary for the second half of this month. May 30 The company paid $350 cash for this month's telephone bill. May 30 The company paid $270 cash for this month's utilities. May 31 The company paid $1,700 cash in dividends to the owner (sole shareholder). 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.) Assets = Liabilities + Equity Accounts Accounts Common Date Cash + + Equipment = + - Dividends + Revenues - Receivable Payable Stock May 1 + + = + I + I May 1 + + = + + May 3 + + = + + May 5 + May 8 + + = || || + + + + May 12 + = + + May 15 + + = + + May 20 + II = + + May 22 + + May 25 + + May 26 + + May 27 + May 28 + + May 30 + + || ||| | || | || | || || ||| = + + = + + = + + = + + = + + = + + May 30 + + = + + May 31 + + = $ 0 + $ 0 + $ 0 = II + + $ 0 + $ 0 $ 0 + $ 0 Expenses Account Titles for Expenses $ 0