Question 3 of 19 - 130 iii View Policies Current Attempt in Progress Splish Brothers Company, a computer services company, entered into these transactions during May 2022, its first month of operations. 1. Stockholders invested $37,600 in the business in exchange for common stock of the company. Purchased computers for office use (recorded as Equipment) for $28.200 from Ladd Co. on account. Paid $3.760 cash for May rent on storage space. Performed computer services worth $17,880 on account. Performed computer services for Wharton Construction Company for $4,700 cash. Paid Western States Power Co. $7.520 cash for energy usage in May. Paid Ladd Co. for the computers purchased in (2). Incurred advertising expense for May of $1,222 on account. Received $11.280 cash from customers for contracts billed in (4). 7 8. 9. ILL ---- > O RI arch Question 3 of 19 Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations fa revenues or expenses in the right-hand column. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equ negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity Iter that was reduced.) Assets Cash Accounts Receivable + Equipment (1) $ $ 1 (2) (3) (4) (5) (6) 1