Question 2 of 6 < > Current Attempt in Progress Collins Computer Timeshare entered into the following transactions during May 2020 Describe the effect of each transaction on assets, abilities and stockholder's equity 1. Purchased computers for R$20.000 from Digital Equipment on -18 1 Question List X 2 3 4. 5. & 7. 8. account. Paid R$4.000 cash for May rent on storage space, Received R$17,000 cash from customers for contracts billed in April Performed computer services for Viking Construction for R$4.000 cash Paid Tri-State Power Co. R$11,000 cash for energy usage in May Shareholders invested an additional R$29,000 in the business in exchange for ordinary shares Paid Digital Equipment for the computers purchased in (1) above Incurred advertising expense for May of R$1.200 on account. Aprene in sets and a decrease in assets An increase in assets and an increase in navity An inome in aoets and an creates A deomase in asset and a decrepity Adecrease in assets and a decrease in Rallies An increase in abilities and a decrease in y An incrinity anfadosse in abili Question 1 216 Viewing Question 2 -18 Ag Question 3 Question 4 -735 Question 5 Question 6