Pharoah Company entered into these transactions during May 2022, its first month of operations. Stockholders invested $44,500 in the business in exchange for common stock of the company. 1. 2. Purchased computers for office use for $27,600 from Ladd on account. 3. Paid $5,600 cash for May rent on storage space. 4. Performed computer services worth $18,700 on account. 5. Performed computer services for Wharton Construction Company for $3,800 cash. 6. Paid Western States Power Co. $6,200 cash for energy usage in May. 7. Paid Ladd for the computers purchased in (2). 8. Incurred advertising expense for May of $2,000 on account. 9. Received $10,100 cash from customers for contracts billed in (4).