Brady Company, a computer services company, entered into these transactions during May 2017, its first month of operations.

1.Stockholders invested $40,000 in the business in exchange for common stock of the company.2.Purchased computers for office use (recorded as Equipment) for $30,000 from Ladd on account.3.Paid $4,000 cash for May rent on storage space.4.Performed computer services worth $19,000 on account.5.Performed computer services for Wharton Construction Company for $5,000 cash.6.Paid Western States Power Co. $8,000 cash for energy usage in May.7.Paid Ladd for the computers purchased in (2).8.Incurred advertising expense for May of $1,300 on account.9.Received $12,000 cash from customers for contracts billed in (4).