IT lew Policies Current Attempt in Progress 1. Marin Company, a computer services company, entered into these transactions during May 2022. its first month of operations. Stockholders invested $33,600 in the business in exchange for common stock of the company, 2 Purchased computers for office use (recorded as Equipment) for $25,200 from Ladd Co. on account Paid $3,360 cash for May rent on storage space. Performed computer services worth $15,960 on account. Performed computer services for Wharton Construction Company for $4.200 cash. Paid Western States Power Co. $6.720 cash for energy usage in May. Paid Ladd Co. for the computers purchased in (2) Incurred advertising expense for May of $1,092 on account. Received $10,000 cash from customers for contracts billed in (4) 3 4 5 6. 7 8 9. 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 right-hand column. Of a transaction results in 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) Assets Liabilities Cash Accounts Receivable Equipment Accounts Pay: (1) $ $ $ O c BD - a 0 A S 5 6 7 8 2 3 7/2 0 YA R. T 0