US Help 1 System Announcements CALCULATOR PRINTER VERSION BACK S Ivanhoe Company entered into these transactions during May 2017, its first month of operations. IMO! 1. Stockholders invested $40,500 in the business in exchange for common stock of the company 2. Purchased computers for office use for $25,400 from Ladd on account. 3. Paid $2,600 cash for May rent on storage space. 4. Performed computer 5. Performed computer services for Wharton Construction services worth $19,900 on account. Company for $5,200 cash. 6. Paid Western States Power Co. $8,500 cash for energy usage in May. 7. Paid Ladd for the computers purchased in (2) 8. Incurred a 9. Received $10,100 cash from customers for contracts billed in (4). g expense for May of $1,600 on account. 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. (If a transaction causes a decrease in Assets, Liabilities or Stockholders Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-3 for example.) -Liabilities + Stockholders Equity Cash Accounts Receivable Equipment Payable ly Retained Earnings f. ^.2/4/2