2. 3. Sheridan Company, a computer services company, entered into these transactions during May 2017, its first month of operations. 1 Stockholders invested $44,000 in the business in exchange for common stock of the company. Purchased computers for office use (recorded as Equipment) for $31.800 from Ladd on account Paid $2,100 cash for May rent on storage space. 4. Performed computer services worth $16,500 on account. 5. Performed computer services for Wharton Construction Company for $6,300 cash. Paid Western States Power Co. $8,400 cash for energy usage in May. Paid Ladd for the computers purchased in (2). Incurred advertising expense for May of $1,500 on account. Received $12,600 cash from customers for contracts billed in (4). 6. 7. 8. 9. for the particular Asser, Liability or Equity Itern that was reduced Assets Liabilities Stockholders' Equity Cash + Accounts Receivable + Equipment Accounts Payable + Common Stock Retained Earnings Revenues Expenses (1) $ $ $ $ A 12) (3) 1) (5) (6) 18) 19) $ $ e Textbook and Media Stockholders' Equity Retained Earnings Revenues Expenses $ $ Rent Expense Advertising Expense Service Revenue Utilities Expense 4 + 4 $ $