Current Remprogress Kingbird Company, a computer services company, entered into these transactions during May 2022 its first month of operations. 1. 2. 3 4. 5. Stockholders invested $49,600 in the business in exchange for common stock of the company. Purchased computers for office use (recorded as Equipment) for $37,200 from Ladd Co. on account Paid $4,960 cash for May renton storage space. Performed computer services worth $23,560 on account Performed computer services for Wharton Construction Company for $6,200 cash. Paid Western States Power Co.$9,920 cash for energy usage in May. Paid Ladd Co. for the computers purchased in (2) Incurred advertising expense for May of $1,612 on account. Received $14,880 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 explanations for changes to revenues or expenses in the right-hand column. (If a transaction results in 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.) Assets Liabilities Cash Accounts Receivable Equipment Accounts Payab (1) $ $ (2) (3) (4) (5) (6)