Sandhill Company entered into these transactions during May $2025,$ its first month of operations.

Stockholders invested $$45,000$ in the business in exchange for common stock of the company.

Purchased computers for office use for $$26,700$ from Ladd on account.

Paid $$3,000$ cash for May rent on storage space.

Performed computer services worth $$15,100$ on account.

Performed computer services for Wharton Construction Company for $$6,000$ cash.

Paid Western States Power Co$.$ $$7,500$ cash for energy usage in May.

Paid Ladd for the computers purchased in $(2).$

Incurred advertising expense for May of $$3,100$ on account.

Received $$10,400$ cash from customers for contracts billed in $(4).$