Kingbird Company, a computer services company, entered into these transactions during May 2022, its first month of operations.

1.		Stockholders invested $49,600 in the business in exchange for common stock of the company.
2.		Purchased computers for office use (recorded as Equipment) for $37,200 from Ladd Co. on account.
3.		Paid $4,960 cash for May rent on storage space.
4.		Performed computer services worth $23,560 on account.
5.		Performed computer services for Wharton Construction Company for $6,200 cash.
6.		Paid Western States Power Co. $9,920 cash for energy usage in May.
7.		Paid Ladd Co. for the computers purchased in (2).
8.		Incurred advertising expense for May of $1,612 on account.
9.		Received $14,880 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 right-hand column. (If 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	+	Stockholders Equity
												Retained Earnings
		Cash	+	Accounts Receivable	+	Equipment	=	Accounts Payable	+	Common Stock	+	Revenues	-	Expenses	-	Dividends
(1)		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
(2)		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
(3)		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		select an explanation Rent ExpenseUtilities ExpenseAdvertising ExpenseService Revenue
(4)		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		select an explanation Rent ExpenseUtilities ExpenseService RevenueAdvertising Expense
(5)		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		select an explanation Rent ExpenseAdvertising ExpenseUtilities ExpenseService Revenue
(6)		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		select an explanation Rent ExpenseService RevenueAdvertising ExpenseUtilities Expense
(7)		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
(8)		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		select an explanation Advertising ExpenseRent ExpenseService RevenueUtilities Expense
(9)		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
		$enter a total amount		$enter a total amount		$enter a total amount		$enter a total amount		$enter a total amount		$enter a total amount		$enter a total amount		$enter a dollar amount