Question 1 Salman's Payroll Services Company entered into the following transactions during May 2017 1. Purchased computers for $15,000 from Bytes of Data on account. 2. Paid $3,000 cash for May rent on storage space. 3. Received $12,000 cash from customers for contracts billed in April. 4. Performed payroll services for Magic Construction Company for $2,500 cash. 5. Paid Northern Ohio Power Co. $7,000 cash for energy usage in May. 6. Salman invested an additional $25,000 in the business. 7. Paid Bytes of Data for the computers purchased in (1) above. 8. Incurred advertising expense for May of $900 on account. Show the accounting equation which results from each of these transactions