Exercise 3-2 Manning Company entered into these transactions during May 2014, its first month of operations.

1.	Stockholders invested $32,900 in the business in exchange for common stock of the company
2.	Purchased computers for office use for $34,830 from Dell on account.
3.	Paid $5,830 cash for May rent on storage space.
4.	Performed computer services worth $19,090 on account.
5.	Performed computer services to Lawton Construction Company for $4,410 cash.
6.	Paid Southern States Power Co. $6,200 cash for energy usage in May.
7.	Paid Dell for the computers purchased in (2).
8.	Incurred advertising expense for May of $2,190 on account.
9.	Received $10,950 cash from customers for contracts billed in (4).

Using the following tabular analysis, show the effect of each transaction on the accounting equation.(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	+	Stockholders Equity
Cash	+	Accounts Receivable	+	Equipment	=	Accounts Payable	+	Common Stock	+	Retained Earnings
Revenues	-	Expenses
(1)	$	$	$	$	$	$	$
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
$	$	$	=	$	$	$	$

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