Show All HSULY Current Attempt in Progress Your answer is partially correct. Carla Vista Co. entered into these transactions during May 2017, its first month of operations. 1. Stockholders invested $48500 in the business in exchange for common stock of the company 2 Purchased computers for office use for $27500 from Ladd on account. 3. Paid $3300 cash for May rent on storage space. 4. Performed computer services worth $18000 on account. 5. Performed computer services for Wharton Construction Company for $3700 cash. 6 Paid Western States Power Co. $7400 cash for energy usage in May. 7 Paid Ladd for the computers purchased in (2) incurred advertising expense for May of $3300 on account 9. Received $13800 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 In the far right column (la transaction causes a decrease in Assets, Liabilities or Stockholders'Equity.place ancoratives amount entered for the particular Asset, Liability or Equity item that was reduard. Ser Illustration 3-3 for example) 9 Received $13800 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 changes to Stockholders' Equity in the far right column la transaction courses a decrease in Assets, Liabilities or Stockholders' Equity place a negative sign for parentheses) in front of the amount entered for the particular Asset ability or Equity item that was reduced. See Illustration 3-3 for m e ) Liabilities Stockholders' Equity Retained Earnings Accounts Payable Common Stock Revenues Expenses 48.500 27,500 Utilities Expense Rent Expense Service Revenue Service Revenue 07400 Utilities Epense 27.500) Utilities Expense 2.300 32300 Advertising Epense Service Revenue (14.000 tockholders' Equity Retained Earnings Expenses Service Revenue Rent Expense Utilities Expense Advertising Expense Issued Stock 3.300) 18,000 Service Revenue 3,700 Service Revenue (7.400) Utilities Expense Utilities Expense (3.300) Advertising Expense Service Revenue 21.700 (14.000)