Skysong Company, a computer services company, entered into these transactions during May, its first month of operations. Stockholders' Equity

Retained Earnings Retained Earnings

Stockholders invested $$36,800$ in the business in exchange for common stock of the company.

Purchased computers for office use $($recorded as Equipment$)$ for $$27,600$ from Ladd Co$.$ on account.

Paid $$3,680$ cash for May rent on storage space.

Performed computer services worth $$17,480$ on account.

Performed computer services for Wharton Construction Company for $$4,600$ cash.

Paid Western States Power Co$.$ $$7,360$ cash for energy usage in May.

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

Incurred advertising expense for May of $$1,196$ on account.

Received $$11,040$ 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

revenues or expenses in the right$-$hand column.

Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses.

Increases in expenses require a negative sign or parentheses.