Chapter 3 Horx > NWP Assesse X A Player A Player X A Player X College - Cox G ey.com/ui/v2/assessment-player/index.html?launchid=e32e38c7-e269-4961-87db-5607d9996448/question/ Question 1 of 6 1.8/4 Show Attempt History Current Attempt in Progress Your answer is partially correct. 3 Pharoah Company entered into these transactions during May 2022. its first month of operations 1. Stockholders invested $44,500 in the business in exchange for common stock of the company. 2 Purchased computers for office use for $27.600 from Ladd on account Paid $5.600 cash for May rent on storage space. Performed computer services worth $18.700 on account. 5. Performed computer services for Wharton Construction Company for $3,800 cash. 6. Paid Western States Power Co. $6.200 cash for energy usage in May. 7. Paid Ladd for the computers purchased in (2) Incurred advertising expense for May of $2,000 on account. 9. Received $10,100 cash from customers for contracts billed in (4). 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 far right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity place a negative sig for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-4 for omple) Assets Cash Accounts Liabilities Accounts Eauloment o BI FS F6 F2 FB F9 F10 F11 Q F12 $ 4 & 5 ox > NWP Assessmx A Player X A Player A Player X College - Colx iley.com was/ui//assessment-player/index.html launchid=e32e38c7-e2b9-4961-87db-5b07d89c96448/question/ Question 1 of 6 1.8/4 egative sign for parentheses in front of the amount entered for the particunor Asser, Litty or equity rem tror was recucea. See mustration 1-4 for example.) Cash Assets Accounts Receivable Liabilities Accounts Payable + + Equipment $ 0 $ 44 500 0 $ 0 0 27.600 27.61 5.600 5.61 0 0 18.700 18,71 3.800 3.81 6.200 6.21 0 0 27.600 0 0 0 200 10.100 $ O F3 F4 ES F6 F7 F8 F9 F10 F11 F12 Pesce $ % A X A Player 3 NWP AssessmX X A Player Hox A Player iCollege - iColx assessment-player/index.html?launchid=e32e38c7-2b9-4961-87db-5b07d89c9644/question/ tion 1 of 6 > 1.8/4 ign for parentheses, in front of the amount enterea for the particular Asset, LIGHT or equity rem nor was reduce. See mustration ample.) Liabilities ccounts ayable Stockholders' Equity Retained Earnings + Common Stock Revenues Expenses $ 0 $ $ 27,600 5.600 18.700 3,800 6.200 0 2.000 $ $ o BI F3 F5 F6 F7 F8 A F9 F11 F12 Prs