Answer is not complete. Date Cash Assets Accounts Receivable May 1 43,000 Liabilities Equity Equipment Accounts Payable Common Stock Dividends Revenues Expenses Account Titles for Expenses +$43,000 May 1 (2,200) + + (2,200) ( May 3 + + 1,950 1,950 + + May 5 (750) + + = + + (750) May 8 5,500 + = + + - 5,500 May 2,500 + + 2,500 12 May (750) + (750) S 15 May 2,500 (2,500) = + + 20 May 3,200 = + 3,200 22 May 3,200 (3,200) = + 25 May 26 (1,950) + = (1,950) ( + May 85 85 + 27 May (750) + 28 May (350) + = + + 30 May 30 (270) + = + (750) (350) (270) May 31 (1,500) + (1,500) + + $ 0 + $ 2,035 = $ 85 + $ 43,000 $ (1,500) + $ 11,200 $ (5,070) 45,680 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 $43,000 cash in the company in exchange for its common stock. May 1 The company rented a furnished office and paid $2,200 cash for May's rent. May 3 The company purchased $1,950 of equipment on credit. May 5 The company paid $750 cash for this month's cleaning services. May 8 The company provided consulting services for a client and immediately collected $5,500 cash. May 12 The company provided $2,500 of consulting services for a client on credit. May 15 The company paid $750 cash for an assistant's salary for the first half of this month. May 20 The company received $2,500 cash payment for the services provided on May 12. May 22 The company provided $3,200 of consulting services on credit. May 25 The company received $3,200 cash payment for the services provided on May 22. May 26 The company paid $1,950 cash for the equipment purchased on May 3. May 27 The company purchased $85 of equipment on credit. May 28 The company paid $750 cash for an assistant's salary for the second half of this month. May 30 The company paid $350 cash for this month's telephone bill. May 30 The company paid $270 cash for this month's utilities. May 31 The company paid $1,500 cash in dividends to the owner (sole shareholder). Required: 1. Enter the amount of each transaction on individual items of the accounting equation.