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! Required 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 $43,500 cash in the company. May 1 The company rented a furnished office and paid $2,500 cash for May's rent. May 3 The company purchased $1,890 of equipment 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 immediately collected $5,900 cash. May 12 The company provided $2,800 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 $2,800 cash payment for the services provided on May 12. May 22 The company provided $3,600 of consulting services on credit. May 25 The company received $3,600 cash payment for the services provided on May 22. May 26 The company paid $1,890 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 $400 cash for this month's telephone bill. May 30 The company paid $270 cash for this month's utilities. May 31 G. Gram withdrew $1,700 cash from the company for personal use. 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.) Assets Liabilities Date Cash Accounts Receivable Equity G. Gram Withdrawals + Account Titles for Expenses Accounts Payable + Equipment G. Gram, Capital + + Revenues Expenses + = + $ 43,500 - + NA $43,500 + (2,500) + + = + + + 1.890 = 1,890 + - + - + (780) + 5.900 + + + + + - + + 5.900 - 2.800 - + 2,800 + - + + 2,500 Rent NA 780 Cleaning NA 720 Salary INA NA INA + + + - (720) + 2,800 + = + May 1 May 1 May 3 May 5 May 8 May 12 May 15 May 20 May 22 May 25 May 26 May 27 May 28 May 30 May 30 May 31 + + (2,800) + 3,600 + (3,600) + = + + 3,600 3,600 + = + + + + + (1,890) + 80 + + 80 = + + + + + + = + + (720) + (400) + (270) + (1.700) + $48,710 + NA INA 720 Salary 400 Telephone 270 Utilities NA 5,390 + + + - + + + 1,700 1,700 $ 0 + $ 1,970 = $ 80 + $ 43,500 $ + $ 12,300 $