Required information [The following information applies to the questions displayed below.] Joe owns an insurance office, while Alex operates a maintenance service that provides basic custodial duties. For the month of May, the following transactions occurred. May 2 Alex decides that she will need insurance for a one-day special event at the end of the month and pays Joe $170 in advance. May 5 Alex provides maintenance services to Joe's insurance offices on account, $360. May 7 Joe borrows $370 from Alex by signing a note. May 14 Alex purchases maintenance supplies from Spot Corporation, paying cash of $135. May 19 Joe pays $360 to Alex for maintenance services provided on May 5. May 25 Joe pays the utility bill for the month of May, $122. May 28 Alex receives insurance services from Joe equaling the amount paid on May 2. May 31 Joe pays $370 to Alex for money borrowed on May 7. 2. Using the format shown below, enter the impact of each transaction on the accounting equation for each company. (Decreases to account classifications should be entered as a negative.) JOE'S INSURANCE SERVICES ALEX'S MAINTENANCE SERVICES Assets = Liabilities Stockholders' Equity Assets Liabilities + Stockholders' Equity May 2 $170 $ 170 $ 0 $ 170 $ 0 $ 0 May 2 $ (170) May 5 May 7 May 7 May 14 May 14 May 19 May 19 May 25 May 28 May 31 May 31