Keystone Computer Timeshare Company entered into the following transactions during May $2022.$

Describe the effect of each transaction on assets, liabilities, and stockholders' equity.

Purchased computers for $$20,000$ from Data

Equipment on account

$2$ Paid $$3,000$ cash for May rent on storage space

Received $$15,000$ cash from customers for contracts

billed in April.

Performed computer services for Ryan Construction

Company for $$2,700$ cash.

Paid Midland Power Co$.$ $$11,000$ cash for energy usage

in May.

Stockholders invested an additional $$32,000$ in the

business.

Paid Data Equipment for the computers purchased in

$(1)$ above

Incurred advertising expense for May of $$840$ on