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gabi gram started the gram company a new business that began operations on may 1. 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 Grandma invested 41,000 cash in the company in exchange for its common stock. May 1 the company rented a furnished office and paid 2300 cash for Mays rent. May 3 the company purchased 1950 of equipment on credit. May 5 the company pays 730 cash for this months cleaning services. may 8 The company provided consulting services for a client and immediately collected 5300 cash. May 12 the company provided 2900 of consulting services for a client on credit. May 15 the company pays 780 cash for an assistant salary for the first half of this month. May 20 the company received 2900 cash payment for the services provided on May 12. May 22 the company provided 4000 of consulting services on credit. May 25 the company received 4000 cash payment for the services provided on May 22. May 26 the company paid 1950 cash for the equipment purchase on meter. May 27 the company purchased $75 of equipment on credit. May 28 the company paid $790 cash for an assistants salary for the second half of this month. May 30 the company paid $350 cash for this months telephone bill. may 30 the company paid $270 cash for this months utilities. may 31 the company paid $1900 cash in dividends to the owner. 1. Enter the amount of each transaction on individual items of the accounting equation.

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