1 2 View Policies Current Attempt in Progress Sunland Compara computer services company entered into these transactions duting May 2017. its first month of operations Stockholders invested $38,000 in the business in exchange for common stock of the company, Purchased computers for office use (recorded as Equipment for $34,000 from Ladd on account Paid $2.200 cash for May rent on storage space Performed computer services worth $19,500 on account Performed computer services for Wharton Construction Company for $6,400 ch Paid Western States Power Co. $8.200 cash for energy usage in May. Pald Ladd for the computers purchased in (2) Incurred advertising expense for May of $3,300 on account Received $12.700 enth from customers for contracts billed in (4) 4 5. 6 7 8 9 Using the following tabular analysis show the effect of each transaction on the accountine equation Put explanations for changes to revenues or expenses in the right hand column (fotransaction couses a decrease in Assets, Liabilities or Stockholders Equity, place a negative sign for parentheses) in front of the amount entered for the particular At Lobility or Equity Item that was reduced) Cash Assets Accounts Receivable Equipment Liabilities Accounts Payable 5 (2) 13) Using the following tabular analysis show the effect of each transaction on the accounting equation. Put explanations for changes to revenues or expenses in the right-hand column of transaction causes a decrease in Assets, Liabilities or Stockholders' Equity place a negative sign for parentheses) in front of the amount entered for the particular Asset Liability or Equity item that was reduced) Assets Accounts Receivable Liabilities Accounts Payable Equipment $ 5 123 33 141 151 161 71 81 91 $ Using the following tabular analysis show the effect of each transaction on the accounting equation. Put explanations for changes to revenues or expenses in the right-hand column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity Common Stock Retained Earnings Revenues Expenses $ $