[The following information applies to the questions displayed below] Gabi Gram started The Gram Compary, 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 545 , eee cash in the conpany in exchange for its comnon stock. May 1 The company rented a furnished office and paid $2,480 cash for May's rent. May 3 The company purchased $1,950 of equipnent on credit. May 5 The company paid $780 cash for this month's cleaning services. May 8 The company provided consulting services for a client and imhediately collected $5,500 casti. May 12 The conpany provided $2, 8ee of consulting services for a client on credit. May 15 The conpany paid $748 cash for an assistant's salary for the first half of this month. May 20 The company received $2,880 cash paysent for the services provided on May 12. May 22 The conpany provided $3,800 of consulting services on credit. May 25 The company received $3,800 cash paynent for the services provided on May 22 . May 26 The company paid $1,950 cash for the equipnent purchased on May 3. May 27 The company purchased 580 of equipnent on credit. May 28 The company paid $748 cash for an assistant's satary for the second half of this month. May 30 The conpany paid $300 cash for this month's telephone bill. May 30 The company paid $270 cash for this month's utilities. May 31 The company paid $1,600 cash in dividends to the ouner (sole shareholder). Problem 1-7A (Algo) Part 1 Required: 1. Enter the amount of each transaction on individual items of the accounting equation. (Enter the transactions in the given order. Enter reductions to account balances with a minus sign. Select "NA" for account titles if the transaction does not include an expense.)