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. $8,600 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 transaction on the accounting equation. Put explanations for changes to revenues or expenses in the far right column. Liability or Equity item that was reduced. See Illustration 3-4 for example.) Assets Liabilities Stockholders' Equity Cash Accounts Equipment Accounts Common Receivable Payable Stock Retained Earnings Revenues Expenses (1) (2) (3) (5) (6) (8) (9)