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Oriole Company entered into these transactions during May 2022, its first month of operations. 1 Stockholders invested $43,000 in the business in exchange for common

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Oriole Company entered into these transactions during May 2022, its first month of operations. 1 Stockholders invested $43,000 in the business in exchange for common stock of the company. 2. Purchased computers for office use for $29,500 from Ladd on account. 3. Paid $4,300 cash for May rent on storage space 4. Performed computer services worth $16,800 on account. 5. Performed computer services for Wharton Construction Company for $6,600 cash. 6. Paid Western States Power Co. 58,600 cash for energy usage in May. 7. Paid Ladd for the computers purchased in (2). 8. Incurred advertising expense for May of $2,300 on account. 9. Received $11.600 cash from customers for contracts billed in (4). Using the following tabular analysis, show the effect of each trancaction on the accounting equation. Put explanations for changes to reverues or expenses in the far right column. (If a transaction causes a decrease in Assets. Liabifities or Stockholders' Equity, ploce a negotive sign (or parentheses) in front of the amount entered for the particular Asset, Labilify or Equily item that was reduced. See lliustrution 34-4 for example.) \begin{tabular}{cl} \multicolumn{1}{c}{ Assets } & = \\ \hline Cash Locounts & + Recelvable \\ \hline Relitie \end{tabular} (1) (2) $ $ (3) (4) (5) (6) (7) (8) (9) Stocicholders' Equity \begin{tabular}{lll} Common Stock & Retained Eamings \\ \hline$ & Revenues & $ \\ \hline 43000 & Expenses \\ \hline \end{tabular}

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