Describe the effect of each transaction on assets, liabilities, and stockholders$$ equity. For example, the first answer is $(1)$ Increase in assets and increase in stockholders$$ equity.

Analyze the effect of transactions on assets, liabilities, and stockholders$$ equity.

E$3\mathrm{.}2($LO $1),$ AP Brady Company entered into these transactions during May $2025,$ its first month of operations.

Stockholders invested $$40,000$ in the business in exchange for common stock of the company.

Purchased computers for office use for $$30,000$ from Ladd on account.

Paid $$4,000$ cash for May rent on storage space.

Performed computer services worth $$19,000$ on account.

Performed computer services for Wharton Construction Company for $$5,000$ cash.

Paid Western States Power Co$.$ $$8,000$ cash for energy usage in May.

Paid Ladd for the computers purchased in $(2).$

Incurred advertising expense for May of $$1,300$ on account.

Received $$12,000$ cash from customers for contracts billed in $(4).$