Current Attempt in Progress Sandhill Co. entered into these transactions during May 2017, its first month of operations, 1. 2 3. 4. 5. Stockholders ilvested $ 45,000 in the business in exchange for common stock of the company Purchased computers for office use for $ 26,700 from Ladd on account. Paid $3,000 cash for May rent on storage space. Performed computer services worth $ 15,100 on account. Performed computer services for Wharton Construction Company for $ 6,000 cash. Paid Western States Power Co. $ 7,500 cash for energy usage in May. Paid Ladd for the computers purchased in (2). Incurred advertising expense for May of $ 3,100 on account Received $ 10,400 cash from customers for contracts billed in (4). 6. 7. 8. 9. Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put exp Stockholders' Equity in the far right column. (If a transaction causes a decrease in Assets, Liabilities or s place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability Previous MacBook Pro Q @ % & Wa S 4 2 C. 9 5 6 7 8 2 W E R T Y U - S D F G H J K. Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to Stockholders' Equity 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 3-3 for example.) Assets Liabilities Cash Accounts Receivable Equipment Accounts Payable (1) $ $ $ (2) 13) (5) (2) (3) (4) (5) (6) I (7) (8) (6) $ S S