Cullumber Company entered into these transactions during May 2022, 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 for $30,600 from Ladd on account.
3.		Paid $2,600 cash for May rent on storage space.
4.		Performed computer services worth $20,000 on account.
5.		Performed computer services for Wharton Construction Company for $3,500 cash.
6.		Paid Western States Power Co. $7,200 cash for energy usage in May.
7.		Paid Ladd for the computers purchased in (2).
8.		Incurred advertising expense for May of $2,500 on account.
9.		Received $10,300 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 sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-4 for example.)

		Assets					=	Liabilities	+	Stockholders Equity
		Cash	+	Accounts Receivable	+	Equipment	=	Accounts Payable	+	Common Stock	+	Retained Earnings
												Revenues	-	Expenses
(1)		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
(2)		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
(3)		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		select an explanation for changes to stockholders equity Utilities ExpenseAdvertising ExpenseService RevenueRent Expense
(4)		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		select an explanation for changes to stockholders equity Advertising ExpenseService RevenueUtilities ExpenseRent Expense
(5)		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		select an explanation for changes to stockholders equity Utilities ExpenseService RevenueAdvertising ExpenseRent Expense
(6)		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		select an explanation for changes to stockholders equity Service RevenueUtilities ExpenseRent ExpenseAdvertising Expense
(7)		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
(8)		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		select an explanation for changes to stockholders equity Advertising ExpenseUtilities ExpenseService RevenueRent Expense
(9)		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
		$enter a total amount		$enter a total amount		$enter a total amount	=	$enter a total amount		$enter a total amount		$enter a total amount		$enter a total amount