"Exercise 3-2 Orlole Company entered Into these transactions during May 2017, its first month of operations 1. Stockholders Invested $36,000 in the business in exchange for common stock of the company 2. Purchased computers for office use for $33,300 from Ladd on account. 3. Pald $3,800 cash for May rent on storage space. 4. Performed computer services worth $16,500 on account. 5. Performed computer services for Wharton Construction Company for $3.600 cash, 6. Paid Western States Power Co. $7,700 cash for energy usage in May 7. Paid Ladd for the computers purchased in (2). 8. Incurred advertising expense for May of $3,000 on account 9. Recelved $10,000 cash from customers for contracts biled in (4). 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, Liabitity or Equity item that was reduced. See Illustration 3-3 for example.) Assets Liabilities Stockholders' Equity Accounts Receivable Cash Accounts Common Equipment Retained Earnings Payable Stock Revenues Expenses (1) (2) (3) (4) (5) (6) (7) (8) (9) Question Attempts: 0 of 3 used