roblem 1-7A KQuestions 1-2 (of 2) The following information applies to the questions displayed below) Holden Graham started The Graham Co, a new business that began operations on May 1. The Graham Co. completed the following transactions during its first month of operations. May 1 H. Graham invested $40,000 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 $1,890 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 $5,400 cash 12 The company provided $2,500 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 recelved $2,500 cash payment for the services provided on May 12. 22 The company provided $3,200 of consulting services on credit. 25 The company received $3,200 cash payment for the services provided on May 22. 26 The company paid $1,890 cash for the office equipment purchased on May 3. 27 The company purchased $80 of advertising in this month'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 pald $300 cash for this month's telephone bill. 30 The company paid $280 cash for this month's utilities 31 The company paid $1,400 cash in dividends to the owner (sole shareholder)