[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 $41,000 cash in the company in exchange for its common stock.
1	The company rented a furnished office and paid $2,300 cash for May?s rent..
3	The company purchased $1,870 of office equipment on credit.
5	The company paid $740 cash for this month?s cleaning services.
8	The company provided consulting services for a client and immediately collected $5,600 cash.
12	The company provided $2,500 of consulting services for a client on credit.
15	The company paid $730 cash for an assistant?s salary for the first half of this month.
20	The company received $2,500 cash payment for the services provided on May 12.
22	The company provided $3,000 of consulting services on credit.
25	The company received $3,000 cash payment for the services provided on May 22.
26	The company paid $1,870 cash for the office equipment purchased on May 3.
27	The company purchased $85 of advertising in this month?s (May) local paper on credit; cash payment is due June 1.
28	The company paid $730 cash for an assistant?s salary for the second half of this month.
30	The company paid $350 cash for this month?s telephone bill.
30	The company paid $260 cash for this month?s utilities.
31	The company paid $1,500 cash in dividends to the owner (sole shareholder).