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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

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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 16. Gram invested $44,500 cash in the company in exchange for its common stock. 1 The company rented a furnished office and paid $2,200 cash for May's rent. 3 The company purchased $1,950 of office equipment on credit. 5 The company paid $760 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 $2,700 of consulting services for a client on credit. 15 The company paid $79 cash for an assistant's salary for the first half of this month. 20 The company received $2,700 cash payment for the services provided on May 12. 22 The company provided $3,400 of consulting services on credit. 25 The company received $3,400 cash payment for the services provided on May 22. 26 The company paid $1,950 cash for the office equipment purchased on May 3. 27 The company purchased $75 of advertising in this month's (May) local paper on credit; cash payment is due June 1 28 The company paid $790 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 $300 cash for this month's utilities. 31 The company paid $1,700 cash in dividends to the owner (sole shareholder). Required: up items of the accounting equation. Do not determine new account balances after Required information + Equity Assets Accounts Receivable Liabilities Accounts Payable - Dividends + Common Stock Revenues Expenses Date Office Equipment Cash May 1 1 + 3 IIIIII 5 + + 8 + + 12 15 + 20 + + + + 22 + 25 + 26 + 27 + 28 30 11 + 30 + 31 + + $ 0 + 0 $ 0 $ 0 $ -- 0 + $ 0 $ $ $ 0 + $ 0 +

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