[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. Gram invested $40,500 cash in the company in exchange for its common stock.
1	The company rented a furnished office and paid $2,400 cash for Mays rent..
3	The company purchased $1,890 of office equipment on credit.
5	The company paid $800 cash for this months cleaning services.
8	The company provided consulting services for a client and immediately collected $6,000 cash.
12	The company provided $2,700 of consulting services for a client on credit.
15	The company paid $750 cash for an assistants 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 $3,800 of consulting services on credit.
25	The company received $3,800 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 $75 of advertising in this months (May) local paper on credit; cash payment is due June 1.
28	The company paid $750 cash for an assistants salary for the second half of this month.
30	The company paid $400 cash for this months telephone bill.
30	The company paid $260 cash for this months utilities.
31	The company paid $1,500 cash in dividends to the owner (sole shareholder).

Required: 2. 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.) Equity Assets Liabilities Accounts Office Common Cash Date Dividends Revenues Expenses Receivable Equipment Stock Payable May 1 40,500 1 (2,400) (800) 8 6,000 12 15 (750) 20 2,700 22 256 3,800 26 (1,890) 27 28 (750) 30 (400) 30 (260) +1 31 (1,500) S 0 S 0 S 0 S 0 S 0 0 0 44,250