Question 5 of 15 View Policies Current Attempt in Progress Carla Vista Co. entered into these transactions during May 2022, its first month of operations. 1. Stockholders invested $48,500 in the business in exchange for common stock of the company, 2. Purchased computers for office use for $27,500 from Ladd on account. 3. Paid $3,300 cash for May rent on storage space. 4. Performed computer services worth $18,000 on account. 5. Performed computer services for Wharton Construction Company for $3,700 cash. 6. 7. Paid Western States Power Co. $7,400 cash for energy usage in May, Paid Ladd for the computers purchased in (2) Incurred advertising expense for May of $3,300 on account Received $13,800 cash from customers for contracts billed in (4) 8. 9. 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. If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity place o negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See lestrution 3-4 for cumple) Assets Cash Liabilit Accounts Receivable Equipment Accounts Payable (1) $ $ (2) 13) (4) 15) 16 173 (8) 191 $ eTextbook and Media Attempts of used MacBook Pro 23 # 3 4 58 0) > & 7 Hect of each transaction on the accounting equation Put explanations for changes to or expenses in the far right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, ploce a negative siden for parentheses) in front of the amount entered for the particular Asset, Liability or Eguilty item that was reduced. See Mustration 3-4 for comple) Liabilities Accounts Payable Stockholders' Equity Common Stock Retained Earnings Revenues Expenses $ 5 e Textbook and Media Attempts: O of used 3 BOR 4 5 & 6 7 8 Received $13,800 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 change evences or expenses in the far right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Mllustrati 3-4 for comple) Stockholders' Equity Common Stock Retained Earnings Revenues Expenses $ $ : e Textbook and Media Sare for an Attempts:O of 3 used SA MacBook Pro