First two images are explanation and I know the answer. I just need answer to question two
Question 1 of 2 Blossom Company entered into these transactions during May 2022, its first month of operations Stockholders invested $33.500 in the business in exchange for common stock of the company Purchased computers for office use for $27 200 from Ladd on account Paid $3.700 cash for May rent on storage space. 4. Performed computer services worth $18.900 on account Performed computer services for Wharton Construction Company for $3.200 cash Paid Western States Power Co. $8,900 cash for energy usage in May Paid Ladd for the computers purchased in (2) 8. Incurred advertising expense for May of $1 700 on account. Received $13,700 cash from customers for contracts billed in (4), 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 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 3-4 for example.) Assets Liabilities Cash Accounts Equipment Accounts Receivable Payable (1) 33500 (2) 27:200 27200 3200 -8900 -27200 13700 10600 4300 27200 eTextbook and Media Attempts: 3 of 3 used 3793907_70324_jpg N 118793907_70324....jpg 05274328-705C-4...jpg EF3964DO-C279-4...jog 59 DELLQuestion 1 of 2 49.5 / 50 Blossom Company entered into these transactions during May 2022, its first month of operations. Stockholders invested $33.500 in the business in exchange for common stock of the company. 2. Purchased computers for office use for $27.200 from Ladd on account 3. Paid $3.700 cash for May rent on storage space. 4. Performed computer services worth $18,000 on account. 5. Performed computer services for Wharton Construction Company for $3.200 cash. 6. Paid Western States Power Co. $8.900 cash for energy usage in May. 7. Paid Ladd for the computers purchased in (2) 8. Incurred advertising expense for May of $1.700 on account. Received $13,700 cash from customers for contracts billed in (4). 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 far right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-4 for example. ities Stockholders Equity Common Stock Retained Earnings Revenues Expenses 33500 27200 -3700 Rent Exp 18000 Service R 3200 Service R 8900 Utilities E 27200 1700 -1700 Advertisi 1700 33500 S 21200 s -14300 eTextbook and Media Attempts: 3 of 3 used 3907_70324.jpg 118793907_70324..jpg 05274328-7CSC-4..jpg EF3964DO-C279-4..jpg DELLQuestion 2 of 2 / 50 View Policies Current Attempt in Progress Selected transactions for Thyme Advertising Company. Inc are listed here Describe the effect of each transaction on assets, liabilities, and stockholders equity 1 Issued common stock to investors in exchange for cash received from investors. 2 Paid monthly rent. 3. Received cash from customers when service was performed. 4. Billed customers for services performed. 5. Paid dividend to stockholders. 6. Incurred advertising expense on account. 7. Received cash from customers billed in (4). 8. Purchased additional equipment for cash 9 . Purchased equipment on account. eTextbook and Media Save for Later Attempts O of 3 used Submit Answer 70324 .jpg 118793907_70324..jpg 05274328-7CSC-4...Jpg EF3964DO-C279-4..jpg DELL
