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Requlred Information [The following information applies to the questions displayed below.] Gabi Gram started The Gram Company, a new business that began operations on May
Requlred 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 $41,509 cash in the company in exchange for its common stock. May 1 The company rented a furnished office and paid $2,390 cash for May's rent. May 3 The company purchased $1,930 of equipment on credit. May 5 The company paid $760 cash for this month's cleaning services. May 8 The company provided consulting services for a client and immediately collected $5,790 cash. May 12 The company provided $2,40 of consulting services for a client on credit. May 15 The company paid $720 cash for an assistant's salary for the first half of this month. May 20 The company received $2,409 cash payment for the services provided on May 12 . May 22 The company provided $3,800 of consulting services on credit. May 25 The company received $3,89 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 $80 of equipment on credit. May 28 The company paid $720 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 $260 cash for this month's utilities. May 31 The company paid $1,700 cash in dividends to the owner (sole shareholder). Requlred: 1. Enter the amount of each transaction on individual items of the accounting equation. Note: Enter the transactlons In the glven order. Enter reductions to account balences wlth a minus sign. Select "NA" for account titles if the transoctlon does not Include on expense
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