Required information [The following information applies to the questions displayed below Gabi Gran started The Gram Co., a new business that began operations on May 1. The Gram completed the following transactions during its first month of operations. May i Gram invested $ in the comparty exchange for its comon stock 1 The company rented a furnished office and paid \$2,100 cash for May's rent. 3 company purchased of office equipment on tredit. 5 The company paid $cash for this month's cleaning services. The company provided consulting for a and immediately collected cash. 12 The company provided $2,700 of consulting services for a client on credit . 15 The company paid $ 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 company srovided of consulting services on credit. 25 The company received $3,300 payment for the services provided on May 22. 26 The company paid $1,838 cash for the office equipment purchased on May 3. The company purchased $85 of office equipment on credit 28 The company paid $790 cash for an assistant's salary for the second half of this month The company paid $ cash for this month's telephone The company paid $ this month's utilities. 31 The company paid $1,500 cash in dividends to the owner (sole shareholder ).

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 1 G. Gran invested $42,000 cash in the company in exchange for its common stock. 1 The company rented a furnished office and paid $2,100 cash for May's rent. 3 The company purchased $1,870 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 $5,300 cash. 12 The company provided $2,700 of consulting services for a client on credit. 15 The company paid $700 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 $3,300 of consulting services on credit. 25 The company received $3,300 cash payment for the services provided on May 22. 26 The company paid $1,070 cash for the office equipment purchased on May 3. 27 The company purchased $85 of office equipment on credit. 28 The company paid $790 cash for an assistant's salary for the second half of this month. 30 The company paid $300 cash for this month's telephone bill. 30 The company paid $270 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. Select "NA" if the transaction does not include an expense.) Liabilities Equity Assets Accounts Receivable Date Cash Office Equipment Accounts Payable Dividends Revenues Expenses Common Stock $ 42,000 Account Titles for Expenses May + $42,000+ (2.100) + + + 1 3 2,100 + 1,870 1,870 + + 5 + (750) + 5,300 + 750 B + 12 2,700 + 5.300 2.700 + 15 . (790) 2,700 - 790 + 20 22 25 + (2,700) + 3.300 + (3.300) 3.300 3.300 + 26 (1870) + (1,870) Office Equipment Accounts Payable Dividends Revenues Expenses Common Stock $ 42,000 Account Title for Expenses + + + + 2,100 + + 1,870] = 1,870 + + + + 750 + + + + 5,300 2,7001 - + + + + + + 790 + + Date Cash Accounts Receivable May 1 $42.000 + + 1 (2.100) + 3 5 (750) + + 8 5,300 12 2,700 + 15 (790) 20 2.700 (2.700) + 22 + 3,300 + 25 3,300 + (3,300) + 26 (1,870) + 27 + 28 (790) - 30 (300) - 30 (270) + 31 (1.500) 544930 + 5 0 + + 3,300 + + + (1.870) 85 + + 85 + + 790 + 300 270 + + + + 1.500 1,500 S 1.955 $ 85 S 42.000 S + $ 11,300 $ 5,000