It is important that you understand debits and credits in this chapter. Choose ONE of the transactions below and show the Journal entry in good format with an explanation. Brady Company, a computer services company, entered into these transactions during May 2017, its first month of operations. 1.Stockholders invested $40,000 in une business in exchange for common stock of the company. 2.Purchased computers for office use (recorded as Equipment) for $30,000 from Ladd on account. 3.Paid $4,000 cash for May rent on storage space. 4.Performed computer services worth $19,000 on account. 5.Performed computer services for Wharton Construction Company for $5,000 cash. 6.Paid Western States Power Co. $8,000 cash for energy usage in May. 7.Paid Ladd for the computers purchased in (2). 8.Incurred advertising expense for May of $1,300 on account. 9.Received $12,000 cash from customers for contracts billed in (4). Explain which financial statements are affected by the journal entry you selected.