Required information
[The following information applies to the questionsdisplayed below.]
Gabi Gram started The Gram Co., a new business that beganoperations on May 1. The Gram Co. completed the followingtransactions during its first month of operations.
| May | | 1 | | G. Gram invested $43,500 cash in the company. |
| | 1 | | The company rented a furnished office and paid $2,600 cash forMay’s rent. |
| | 3 | | The company purchased $4,210 of office equipment oncredit. |
| | 5 | | The company paid $730 cash for this month’s cleaningservices. |
| | 8 | | The company provided consulting services for a client andimmediately collected $5,400 cash. |
| | 12 | | The company provided $2,400 of consulting services for a clienton credit. |
| | 15 | | The company paid $730 cash for an assistant’s salary for thefirst half of this month. |
| | 20 | | The company received $2,400 cash payment for the servicesprovided on May 12. |
| | 22 | | The company provided $3,600 of consulting services oncredit. |
| | 25 | | The company received $3,600 cash payment for the servicesprovided on May 22. |
| | 26 | | The company paid $4,210 cash for the office equipment purchasedon 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 $730 cash for an assistant’s salary for thesecond half of this month. |
| | 30 | | The company paid $350 cash for this month’s telephonebill. |
| | 30 | | The company paid $250 cash for this month’s utilities. |
| | 31 | | G. Gram withdrew $1,800 cash from the company for personaluse. |
Required:
1. Enter the amount of each transaction onindividual items of the accounting equation. Do not determine newaccount balances after each transaction. (Enter thetransactions in the given order. Enter reductions to accountbalances with a minus sign.)
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