these are the options for every question to choose from

1)A decrease in assets and a decrease in liabilities

2) A decrease in assets and a decrease in stockholders equity

3)An increase in assets and a decrease in assets

4) An increase in assets an an increase in liabilities

5) An increase in assets and a increase in stockholders equity

6)An increase in liabilities and a decrease in stockholders equity

7) An increase in stockholders equity and a decrease in liabilities

Describe the effect of each transaction on assets, liabilities, and stockholders' equity. 1. Purchased computers for $20,000 from Data Equipment on account. 2. Paid $3,000 cash for May rent on storage space. 3. Received $15,000 cash from customers for contracts billed in April. 4. Performed computer services for Ryan Construction Company for $2,700 cash. 5. Paid Midland Power Co. $11,000 cash for energy usage in May. 6. Stockholders invested an additional $32,000 in the business. 7. Paid Data Equipment for the computers purchased in (1) above. 8. Incurred advertising expense for May of $840 on account